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Pension protection fund to help victims of collapsed schemes

The Queen has announced Government plans to launch a pension protection fund to help members of collapsed private schemes that have lost most or all of their pension pot. It will also introduce a new pensions regulator to root out fraud and mal-administration. It intends to step up efforts to educate the public with the creation of an online retirement planning service.


LivVic delivers income

Liverpool Victoria has introduced a with-profits income bond with an initial bonus rate of 4.25 per cent. The bond is for single premiums from £10,000 to £500,000 and has a minimum 100 per cent allocation for most clients. It features an MVR-free guarantee on death and a two-year smoothing policy so investors are not affected […]

Solus streamlines its fund offering

Brown Shipley&#39s fund management arm Solus has seen a reshuffle of funds and management team. The shake-up has been led by new managing director Tony Hurley and chairman David Rough. Hurley, who is also Brown Shipley&#39s head of private banking, has taken over from Graeme Sinclair, who is leaving the company. Brown Shipley&#39s investment policy […]

Unit-linked sales boosted

Rising confidence in the stockmarkets has brought a boost to sales of unit-linked funds, according to the ABI. Its latest figures show individual regular-premium life and pension business at £863m for the third quarter of this year, down from £947m in the second quarter and £917m in Q3 of last year. However, the ABI points […]

Fidelity net retail sales plummet to just £7m

Fidelity&#39s net retail sales reached just £7m in the third quarter, placing it outside the top 10 biggest retail sellers for the first time in almost five years, according to a confidential report. The giant fund firm achieved retail sales of £363m but redemptions hit £356m, leaving it trailing behind rivals such as Threadneedle and […]

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Pension freedom: wish you were here?

Out there lies a warm ocean of desert islands, sun, sand and palm trees, where individuals can choose how and when to tax-efficiently access their pension fund and realise the retirement dreams they have worked so hard for.


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