View more on these topics

Opra probes pension-release firms

Opra and the Inland Revenue are investigating several organisations which offer to convert pension funds in to tax free lump sums.

The watchdog has warned the public to be on their guard against these schemes, which often attract people who urgently need cash.

Operators usually charge policyholders high commissions ranging from 20 to 30 per cent of the lump sum and while transactions are often arranged using offshore companies and bank accounts, investors can also end up paying tax on their cash.


Barclays guarantees savings

Barclays Bank has introduced another issue of its guaranteed equity savings bond, which divides investors&#39 capital equally between a guaranteed equity bond and a high interest account.The high interest account element is a one year fixed-rate bond that pays interest of 8 per cent. It allows investors to make emergency withdrawals of at least £1,000, […]

Norwich and Peterborough – Two Year Fixed Rate Bond

Wednesday, May 8, 2002Type: High interest accountMinimum-maximum investment: £1,000-£500,000Interest rates: 5% gross a year, 4.89% gross a monthTerm: Two yearsOffer period: Until further noticeWithdrawal penalties: No penalty provided £1,000 remains in thebond. Otherwise 120 days’ loss of interest on amountwithdrawnTel: 0845 3002511

NAPF concern at Budget

The National Association of Pension Funds has attacked Chancellor Gordon Brown savings policies saying his recent budget has ensured the public will have a “long healthy and poor retirement”.NAPF chairman Peter Thompson reiterated his call for FRS17 to be revised saying it distorts pension liabilities. Thompson is writing to the Financial Reporting Council voicing his […]

Horlick becomes SGAM chief executive

Star fund manager Nicola Horlick is to become chief executive of SG Asset Management, the group she co-founded in 1998. Horlick has been joint managing director alongside John Richards and succeeds Keith Percy as chief executive. Percy is to become executive chairman while Richards will focus on portfolio management and asset allocation. Horlick will retain […]

Embrace simplicity!

By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]


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 thought leadership.

    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