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L&G launches group voluntary life assurance plan

Legal & General has launched a voluntary life assurance plan for groups allowing employees to purchase life assurance through their employer.

The plan aims to secure members benefits on competitive group terms, while maintaining the flexibility of individual insurance.

L&G believe the mechanisms that will need to be in place because of stakeholder will lead to an increase in demand for this type of cover. The L&G plan will be available to any employer with 100 or more employees.

L&G group risk managing director Jane Dale says: “We believe this product complements the introduction of stakeholder.”


Yorkshire Building Society – Tessa Only Isa

Wednesday, 17th January 2001.Type: Cash IsaAim: Growth.Minimum investment: £100.Maximum investment: £9,000.Catmarked: No.Investment choice: 100 per cent cash.Interest rate: Fixed at 5.9 per cent gross a year.Charges: None.Withdrawal penalty: No withdrawals permitted during term.Commission: None.Tel: 0845 1200100. 

Most FundsNetwork business coming via IFAs

Fidelity&#39s FundsNetwork has taken the majority of its business through IFAs since its launch last June. The supermarket also says it has negotiated two more white-labelling deals with IFAs. Wentworth Rose and the David Aaron Partnership will next week join companies such as Hargreaves Lansdown, Chase de Vere, Bates Investment, Best Invest, Torquil Clark and […]

New Star Asset Management appoints new staff

New Star Asset Management is appointing Mark Skinner, currently Norwich Union&#39s sales and marketing director for investment funds, as its retail managing director of sales and marketing. Norwich Union head of sales Mark Hilliam and head of national accounts and partnerships Greg Jones will both join Skinner at New Star in May. New Star chairman […]

US stocks at lowest for year, says survey

History suggests that the US stockmarket has hit its low for this year, according to research published by financial website MoneyGuru. The research says the Federal Reserve&#39s 0.5 per cent rate cut earlier this month should signal a reversal in fortunes for US equities. MoneyGuru head of research Ian Lancaster says: “Since the Federal Reserve […]


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