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Pru brings new flexible Sipp to market

Prudential has launched FundSipp, a flexible self-invested personal pension in partnership with Cofunds.

The Sipp will give investors access to Cofunds’ platform, with a choice of fee options depending on the range of investment options required.

There will be no set up or administration costs until December 31, 2008.

Pru will still offer its full Sipp option, giving a broader range of investment choice including commercial property, discretionary asset management and online share dealing through Stocktrade.

Head of individual pensions Julie Mulvanny says: “One of the real benefits of Prudential’s Sipp option is that it is available through both the personal pension and income drawdown elements of our flexible retirement plan. Clients want simplicity of product and charges, and the ability to manage their retirement plans in one place. By offering this new more affordable Sipp option, customers simply pay for the investments they need and use – not all of them want access to a full Sipp at the outset. It is possible to move from the FundSipp to the full Sipp and we will automatically adjust our fees.”


First Direct back in the market

First Direct has resumed offering mortgages after withdrawing from the market in April. It says it has cleared a backlog of application approvals that forced it to suspend lending to new customers.

Leading by example

It may sound like stating the obvious to point out that when the chips are down, most institutions, and in particular those with strong links to banking, will happily bite the hand that has previously fed their bottom line.

Aifa to recruit new policy director

Aifa has announced it will not be recruiting a new deputy director general to replace Fay Goddard, but is instead looking for candidates to fill the new role of policy director.

Now it is the banks’ turn to bite bullet

The editorial of May 8 was a balanced, comprehensive and insightful view, except for the first sentence. IFAs will always will be under a clear and present danger with regulation in its current form. That does not have to be a lament, merely a recognition of the facts. Bear in mind that, under Howard Davies, we had depolarisation. It would appear that we are now to have polarisation back again.

Lifetime ISAs – International Evidence

By Fiona Tait, Pensions Specialist Since the announcement in March, the Lifetime ISA (LISA) has attracted controversy. Heralded as a saviour for the self-employed and the young wanting to get on the housing ladder, the new LISA risks adding confusion for savers trying to fully understand the benefits of new workplace pension savings through auto-enrolment. To […]


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