View more on these topics

Life Protection from Homeowners Friendly Society

Homeowners Friendly Society announces the launch of its Better Start Family Income Life Cover to help parents protected their family financially.

The cover provides families with a tax-free monthly income in the event of a parent&#39s death.

Following a claim, the cover pays out in monthly instalments for the remainder of the 20-year policy term rather than one lump sum.

Premiums begin at £6.16 per month and depend on the level of cover and personal circumstances. A female non-smoker aged 29 with a 20 year policy term and £15,000 of cover per year would pay £9.78 monthly premium.

Minimum sum assured in £10,000 rising to £23,000 for the 20 year term. Terminal illness cover is automatically included in the policy.

Homeowner chief executive Andrew Haigh says: “Although many parents do not want to face up to the possibility of dying before their children are financially independent, it actually can happen to any of us. Monthly payments spanning a policy term of up to 20 years ensures there will be a guaranteed income which can help provide for the children.”


Fidelity gets 60,000 clients in Egg deal

Fidelity has bought Egg Invest in a deal that will see 60,000 customers transferred to FundsNetwork. The fund supermarket arm of Egg will mean that FundsNetwork will take on an extra £170m in assets under management when the deal is completed in the first quarter of 2005. FundsNetwork has recorded sales of more than £3bn […]

Analysis costs may stop IFAs doing transfers

IFAs may stop doing pension transfers altogether if they are forced to pay for independent transfer value analysis, warns a leading technology provider. Chambers Townsend Con-sultancy managing director Nigel Thomas says Sesame&#39s decision to force members to pay for reports from independent TVAS provider O&M Systems – reported in Money Marketing last week – could […]

Unicorn rides again with VCT

The Unicorn Aim VCT II is a venture capital trust which will adopt the same investment strategy as Unicorn&#39s first Aim VCT, established in 2001. Around 50 per cent of the proceeds of this share issue will go into cash to protect the capital. The other 50 per cent will be split equally Unicorn&#39s free […]

Broken fall

In my last article, I started to identify and discuss certain aspects of the main risks associated with pension drawdown contracts. I concentrated on the risks to a drawdown client of market interest rates falling before he buys a conventional annuity with his fund. It is clear that annuity rates will generally fall as interest […]

Japan: the Land of the Rising Dividends

By George Boyd-Bowman, Fund Manager at Neptune Many Western investors have long bemoaned the lack of a true dividend culture in Japan, claiming the corporate culture is not tilted in favour of shareholders. Yet today, in the Land of the Rising Sun, we see a fresh impetus to focus on shareholder returns, which is leading […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment