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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- Top trends
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- How much are advisers charging for pension transfers?
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]
National advice firm Foster Denovo has acquired employee benefits consultancy TEBC. The deal brings over 100 corporate client relationships, and Foster Denovo will look to build TEBC’s staff into its own employee benefits division, Secondsight. Foster Denovo says the deal is the first in an acquisition strategy it will be pursuing. Chief executive Roger Brosch […]