The Pension Annuity Friendly Society is to launch an equity release product that will allow elderly people who are infirm or who have bad medical histories to release more equity from their homes. Pafs hopes it will be able to offer lower rates than average, and allow consumers to borrow higher proportions of their properties' value, because its customers will have shorter life expectancies. It plans to launch the product within three months.
Type: Oeic fund of funds Aim: Income and growth in excess of UK inflation by investing globally in fixed-interest funds and equities Minimum investment: Lump sum £1,000 Investment split: 100% fixed interest funds and equity funds Isa link: Yes Pep transfers: Yes Charges: Initial 5%, annual 1.5% Commission: Initial 3%, renewal 0.5% Special offer: Initial […]
Type: Enterprise investment scheme Aim: Growth by investing in a Shetland-based cod farm Minimum investment: £30,000 Opening/closing date: January 1, 2004/March 1, 2004 Charges: Initial 4% Commission: Initial 2% Tel: 0141 5641523UNIT-LINKED BONDSSKANDIAMultiBond - Skandia Distribution BondType: Unit-linked bondAim: Income and growth by investing in a range of distribution fundsMinimum investment: Lump sum £5,000Fund links: […]
As part of a GCSE course, my son brought home a video which looks at the behaviour of sharks. This reminded me of that famous phrase from Jaws: “Just when you thought it was safe to go back in the water…” I felt a similar hesitancy when I read the comments made by Ron Sandler […]
IFA business Group 300 is in the first stages of developing an aggregating wrap platform that would allow IFA clients to transfer their own assets and view portfolio values online. Group 300 chief executive Chris Batten claims that the product will not remove the need for advisers and says it would be designed to help […]
Cormac Weldon, Artemis US equity manager, looks at opportunities in the banking sector arising from US wage inflation. Click here to read the article.
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The Government says almost £5m was obtained by pension scammers in the first five months of 2017
Sales skills in themselves are not a bad thing. It comes down to whether they are truly being used for the benefit of the client, not the adviser.
The merged company owns three platforms: Parmenion, Standard Life Wrap and Elevate, but is promising to keep ring-fencing.