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Pru offers single-priced version of Prudence bond

Prudential is launching a single-priced version of its with-profits Prudence bond on September 20. The move comes in response to demand from IFAs who want to be able to sell the bond with no upfront charges involved. The current bond, which will continue to be available, is dual priced, being bought and sold on a bid and offer basis.

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Unum new business soars

Income protection specialists Unum has announced a 77 per cent leap in new business figures for the first six months of 1999 compared to the same period last year.Unum says its total new business jumped to £16.6m from £9.5m the previous year.The firms IFA group business soared by 123 per cent to £11.4m from £5.1m […]

Top companies are failing to take proper account of pension schemes

Many top companies are failing to show the true cost of their pension schemes in their accounts according to a report by actuaries Lane Clark & Peacock.In its sixth annual survey the actuaries claim 35 per cent of FTSE 100 companies failed to show information in their accounts on how pensions costs had been calculated.Among […]

Finops call for 1.5 per cent charge on stakeholder

Financial Options Group has called on the Government to place a 1.5 per cent charge on stakeholder to allow provision for independent financial advice.In its submission to the stakeholder consultation, the network argues that while stakeholder plans should not be compelled to offer advice, where they do so they should be able to charge 1.5 […]

Pink Home Loans teams up with Countrywide Conveyancing Direct

Pink Home Loans has teamed up with Countrywide Conveyancing Direct to launch a fast-track mortgage service for intermediaries.The service is aimed at speeding up the whole mortgage procedure, including faster payment of introducer fees. These will now be payable at completion of the loan to advisers using this service.Pink sales & marketing manager David Copland […]

The death of retirement – a boost for protection?

According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20% of total wages, the statutory minimum for a new automatic […]

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