View more on these topics

NAPF call for stakeholder

The National Association of Pension Funds.has raised fears over stakeholder plans not being allowing to run parallel alongside final salary schemes.

The NAPF is recommending parallel holding of occupational schemes alongide the stakeholder once it is launched in April 2001, claiming this would cut the level of advice needed when an employee with a stakeholder moves to one with a final salary scheme.

The Government has yet to decide whether to allow stakeholder pensions to be held in parallel with final salary schemes.

NAPF director general Ann Robinson says: “Parallel holding is absolutely fundamental to preserving the best of existing provision and making sure stakeholder pensions fly.”


Gartmore prepares for &#39bidding frenzy&#39

Gartmore is preparing for a bidding frenzy after revealing its “best ever” performance last year.Its figures show a return of 27 per cent on the company&#39s average segregated UK balanced pension fund compared with 19.5 per cent for the average manager for last year.The returns revelations have come just before the sale of Gartmore kicks […]

Barclays latest to ditch endowments

Endowment mortgages are suffering a further blow with Barclays became the latest lender to pull the plug on selling the controversial policies.Barclays is saying it sold its last endowment on December 30 following a 70 per cent decline in applications over the previous six months.The move swells the ranks of providers who have axed endowments […]

Skipton and Chelsea carpetbagging busters

Skipton and Chelsea Building Society&#39s are dashing the hopes of “blundering” carpetbaggers by claiming their resolutions don&#39t call for the end of mutuality.Both societies are saying there is “no prospect” of them deciding to convert following an invitation to the boards to “consider taking steps to change the independent mutual status of the society” rather […]

FSA warning on investment chat

Investors are being warned against taking on-line share advice from chat rooms.The move follows a spate of claims that stockmarket pundits in the US could be abusing their position and pushing their own shares investments using the internet.FSA spokesperson Kate Burns says: “Consumers should be careful, alert and be aware what they are reading may […]

The Day of (B)reckoning

A period of exceptional uncertainty started last Friday for the UK, including a fierce leadership battle in a deeply divided Conservative party, the timing of the trigger of the EU’s Article 50, as well as a potential referendum in Scotland, and Northern Ireland. Click here to read the full article


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm