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On-line signatures a welcome move

Legal & General has welcomed the Government&#39s initiative to allow stakeholder pensions to be sold online without the need for a paper-based signature.

The life office believes last week&#39s announcement by the DSS which plans to allow electronic pension applications fits exactly with its plans for stakeholder.

It believes a streamlined digital stakeholder pension offers an attractive proposition for personal and occupational pensions by allowing members to opt in and top up more easily.

Legal & General has devised an on-line application facility at as part of its stakeholder drive.

L&G believes a simplified application process for the consumer and provider alike cost savings will allow cost savings to be made.

Legal & General pensions strategy director Adrian Boulding says the new measures will make stakeholder pensions attractive to employers without a current pension scheme.

He says: “We applaud the Government&#39s foresight for allowing electronic applications. This is a big step towards realising the Stakeholder society.”


Isa confusion still rife, says report

More than one in three investors are still unsure whether they own a maxi or mini Isa as the product approaches the end of its inaugural year.MarketMinder&#39s Isa Tracking Report for February reveals 33 per cent of investors are still confused about the difference between maxi and mini Isas and 5 per cent say they […]

Clerical Medical slates pensions levy hike

Clerical Medical has warned that DSS plans to increase levies to run four separate pensions bodies could stretch the one per cent stakeholder cap to the limit.The life office says this year&#39s increase is unavoidable but it remains concerned that significantly increased levies could put strains on the already slim margins for stakeholder.The increased levy […]

Family Isa bond launched

Family Assurance is launching a life assurance Isa which aims to achieve an annualised growth rate of 17 per cent.The Brighton-based friendly society says its Family Isa Bond will invest in its Family Capital Builder Fund, a qualifying life fund fully invested in its Family Asset Trust.This has an annualised growth rate of 17.9 per […]

Britannic announces double boost

Britannic Assurance has announced pre-tax profits of £154.4bn for 1999.It acquired Britannia Building Society&#39s asset management and life assurance business for £346m last year and says the deal had doubled the group&#39s customer base and funds under management to £19.5bn.Britannic chief executive Brian Shaw says the group is planning to expand its salesforce and says […]


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