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Norwich Union praises Government for Sandler suite announcement

Norwich Union has responded enthusiastically to the Government&#39s decision to reconsider the price cap on the stakeholder suite of products.

It believes if the price cap is lifted the products will have stronger backing from providers and a greater chance of success with the public.

NU has also welcomed the endorsement of the with-profits concept with the inclusion of a smoothed equity product within the suite and believes that adopting existing stakeholder pensions into it to be a good idea.

NU sales and marketing director Peter Hales says: “The approach the Government is taking suggests they are keen that Sandler stakeholder products prove commercially viable for all. We think that&#39s the right approach. We remain convinced that without a move away from the 1 per cent price cap these products will not be successful.

“We are pleased the Government takes the view that a transparent with-profits style product which offers smoothed exposure to equity markets is likely to be valuable to many in the target market for these new products. In addition, the proposal to bring the current stakeholder pension within the new suite of products is something we strongly support.”


McCartney admits firms are not paying into stakeholder

Pensions minister Ian McCartney has admitted that a significant proportion of employers have set up a stakeholder pension scheme simply to comply with the law but are not making contributions. Testifying at the final oral evidence session of the Parliamentary Work & Pensions select committee&#39s inquiry into the pension regime, this was the first time […]

Smooth move as going gets rough

The with-profits bonus declaration season is in full swing and there have been some big cuts in bonus rates. The cuts will be disappointing to policyholders and may lessen the attraction for new investors. What has been happening and what is the impact for new investors in with-profits? Putting investment conditions into context, last year […]

Saga offers guide to annuities

Saga is publishing an annuity guide to help those approaching retirement through the maze of options. It says as annuity rates fell by 12 per cent last year- the second-biggest decline in eight year – the choices that people make are especially critical. The guide covers a variety of topics, including descriptions of the different […]

Edinburgh Fund Managers – Classic PEP Transfers

Thursday, 6 February 2003 Type: Oeic or unit trust Aim: Income or growth by investing Pep transfers in a choice of four funds Minimum investment: Lump sum £7,000 Investment split: Choice of Edinburgh performance portfolio, Edinburgh fund of funds portfolio, Edinburgh managed growth portfolio or Edinburgh monthly income portfolio Charges: Initial up to 4.25%, annual […]

Bonds in 2017: Stick or twist?

Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]


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