View more on these topics

Perpetual begins group pension bid

Perpetual is entering the corporate pension market with a group personal pension sold through IFAs.

The launch comes as Perpetual becomes the first fund manager to confirm it will enter the stakeholder pension market with a plan aimed at employers.

It will also offer a separate money-purchase occupational scheme.

The GPP has an initial charge of 5 per cent and an annual management charge of between 0.5 and 1.5 depending on the underlying fund.

Perpetual is hoping to give GPP investors access to its entire fund range although it expects most to invest in either US, Japanese or UK equities.

IFA can take commission of between 0.25 and5 per cent per cent although commission sacrifice is available.

Perpetual made its debut in the market for personal pensions, self-invested personal pensions and small self-administered schemes last year. It is aiming to grab between 2.5 and 5 per cent of the GPP market within eight years.

Although Perpetual will not rule out selling direct, it predicts the majority of plans will be sold through IFAs.

Pensions development director Fiach Maguire says: “The Perpetual GPP has been designed to offer investors the dual benefit of our exceptional investment record and superior administration and, unlike many other pension providers, we have been able to structure and develop new systems around our pension providers.”

Recommended

Exeter funds deal for Jupiter shareholders

Shareholders in Jupiter&#39s extra- income investment trust are being offered the unusual option of rolling over their money into funds offered by two different fund managers when the trust winds up on September 29.Typically, when a trust winds up, shareholders are given the option to roll over into funds offered by the investment house which […]

Tep step-by-step guide

Traded endowment policy market maker Beale Dobie&#39s investment manager Tracey Merrit takes us onpart one of a tripthrough an A-Z of Teps.A is for APMM – the Association of Policy Market Makers. It&#39s appropriate that this organisation is at the top of this list because when choosing a market-maker, one should begin with the list […]

Safe and securitised

The smaller mortgage market players are pooling their resources and gaining ground in securitisation.Securitisation is now firmly established as a mainstream funding technique in the UK mortgage market but it demands high levels of admin expertise.It is taking off in the UK as more and more lenders respond to competitive pressure from new entrants.But to […]

DBS faces losing millions in legal case on fees

DBS stands to “lose millions” if legal action launchedagainst it over fees it charged members during the pension review is successful.A test case brought by a disgruntled ex-member claims a £90 per case fee levied by the network for compliance costs of each review case was unlawful.Maywill Financial Services principal Terry Willison says he was […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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 advice.

    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

    Email: customerservices@moneymarketing.com