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L&G says Pep investors could be losing out on performance

Millions of Pep investors could be losing out on better performance and cheaper charges according to a survey from Legal & General.

They say this is because many Pep investors are oblivious to the fact they can change their Peps manager.

The survey reveals 41 per cent of these investors were unaware they could move their Pep holdings.

While 80 per cent would be prepared to switch their investments if it meant they would achieve a better return.

The survey also found many investors would consider transferring their Pep to reduce their charges. L&G says that if half of these people did transfer and halved their annual management charge it would generate a saving of nearly £72m a year.


Gan and Lombard to have joint executive

French insurance giant Groupama-Gan has restructured its UK businesses under a joint executive team.The insurer which owns both Lombard Insurance Group and Gan plans to integrate their executive teams from each of the companies, with Tony Lancaster becoming chairman and chief executive.Lombard General&#39s managing director Kenneth Maciver will assume the role for the UK business.New […]

Unum revamps its group critical illness policies

Health insurer Unum is revamping its group critical illness plan.The plan offers two versions, Basic Cover and Extra Cover.Basic Cover protects against seven common critical illnesses and now has offers cover against multiple sclerosis.The Extra Cover now has an additional 11 new critical conditions including rheumatoid arthritis, open heart surgery and benign brain tumour.To mark […]

IFA to be winners in Scottish Equitable marketing campaign

Scottish Equitable is giving away top of the range Pentium II PC notebook&#39s in a competition to mark its marketing campaign for group pension technology.The campaign highlights the time that could be saved by utilising its latest technology, which includes its SmartScheme CD-Rom.The competition requires IFAs to collect eight CD icons from within the SmartScheme […]

Mortgage Advances hit record heights

Mortgage advances hit record levels in June according to figures released by Barclays Bank.Its research reveals gross mortgage advances in June hit the £10bn mark, a 27 per cent increase over last June&#39s figure of £8.4bn.Mortgage lending is now so buoyant that Barclays is predicting the market will top £100bn this year for the first […]

The Investment Clock: Keep calm and Macron!

Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]


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