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L&G rebate offer to expire

Legal & General has warned that its offer to rebate all charges for investments in its tracker range will expire on April 30.

Until the end of the month, L&G will refund the annual management fee and all other charges for tracker Isas paid by lump sum as long as the money remains in one of its Isas at the turn of the year.

Investors can take advantage of the offer through IFAs or direct through


Stakeholder branded as a failure by Tories

Tory leader Iain Duncan Smith has accused the Chancellor of being opposed to savings and pensions, branding stakeholder a failure and criticising the Government for not tackling annuity reform.Answering the Budget speech, Duncan Smith said stakeholder has failed to reach its target audience. He said: “Stakeholder is a failure, with only one in 10 of […]

Scottish Widows goes for strategy

Scottish WidowsStrategic Income IsaType: Unit trust mini or maxi IsaAim: Income by investing in UK investment grade corporate bonds and European non-investment grade corporate bondsMinimum investment: Lump sum £1,000, monthly £50Maximum investment: £7,000Catmarked: NoInvestment choice: UK investment grade corporate bonds 70%, European non-investment grade corporate bonds 30%Yield: 6.33% gross a yearCharges: Initial 3.5%, annual 1.43%Commission: […]

Mortgage lending hits £16bn high as price spiral continues

Mortgage lending reached a record level of £16.6bn, in March, up from £13.3bn the previous month, according to the latest figures from the Council of Mortgage Lenders.Building Society Association gross advances were also buoyant, rising by 28 per cent to £2.7bn last month from £2.1bn in February.Net advances by mutuals increased to £682m in March […]

Intent on doing away with IFAs

Referring to the research documents in my response to CP121, I found the respondents represented around 0.003 per cent of the population and I wondered how such far-reaching conclusions could be arrived at from such a small sample. The biggest group was 1,905, the other five ranging from 20 to 60, the latter referred to […]

What exactly is product innovation?

By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]


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