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Liverpool Vic buying nurses fund

Liverpool Victoria is buying the Royal National Pension Fund for Nurses

for £248m. About £200m of RNPFN&#39s estate will be distributed in

the form of enhanced benefits for 155,000 policyholders.

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Gartmore – Stable Growth Fund

Wednesday, 11 July 2001.Type: Unit trust.Aim: Growth by investing in zero dividend preference shares.Minimum investment: Lump sum £1,000, monthly £50. Isa lump sum £3,000, monthly £50. Pep transfers lump sum £3,000.Investment split: 100 per cent in zero dividend preference shares.Isa link: Yes.Pep transfers: Yes.Charges: Initial 1.5 per cent, annual 1.5 per cent.Commission: Initial 3 per […]

PIA ends membership of two firms

The PIA is terminating the membership of IFAs JDH Blackburn (Life &Pensions) of Premier House, The Green, Guiseley, West Yorkshire and MAOlymbios Financial Services of George Lane, South Woodford, London. Bothfirms had their membership terminated on the ground that they had notconducted any business regulated by the PIA for a continuous period of 12months.

Government says no to Lloyds bid for Abbey

The Government has decided to stop Lloyds attempted hostile takeover of Abbey National because of competition concerns.The £19bn bid was blocked by Trade and Industry Secretary Patricia Hewitt as anticipated by the industry because she has accepted advice from the Competition Commission the deal could be expected to operate against the public interest.If the deal […]

Lumsden leads Standard in protection challenge

Standard Life is aiming to make a big play in the protection market,challenging established specialist Scottish Provident, Skandia and newentrants such as Scottish Equitable. Finance director Iain Lumsden, who will succeed managing director ScottBell next year as group chief executive, says Standard will also be workingto develop new annuity products to meet criticisms of falling […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]

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