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Prudential adds enhanced rate pension annuities to range

Prudential Annuities is to add enhanced rate pension annuities to its product range. From January 10, 2001 anyone about to retire and in ill health, can apply for an enhanced rate annuity from Prudential.

The enhanced rate pension annuity will be available to customers with a purchase price above £20,000. It will cover a variety of medical conditions.

Prudential intermediary business chief executive Kim Lerche-Thomsen says: “Many people approaching retirement and in ill health don&#39t realise that they could qualify for an enhanced annuity. Enhanced rates may benefit as many as 20 per cent of retiring annuity customers.”


&#39There is no secret agenda&#39

Last week, the FSA published, Reforming Polarisation: First Steps, which sets out for comment some proposed changes to the polarisation regime. There are no surprises in the changes put forward bec ause they were described last November when it was ann ounced in the pre-Budget report that the Treasury had accepted the FSA&#39s advice on […]

Edinburgh Fund Managers awarded new bank mandate

Edinburgh Fund Managers has been awarded a £25m mandate from Bank of Bermuda. Edinburgh will take over the management of the active UK equity portfolio, part of Bank of Bermuda&#39s All Point Multi-manager product offering. The appointment was the result of a search carried out by Bank of Bermuda&#39s manager research team, with the assistance […]

Smee tells MPs to see IFAs over FSAVCs

Aifa director general Paul Smee is planning to write to MPs, advocating the benefits of IFAs and urging them to seek advice over their Equitable Life FSAVC policies. Smee plans to contact MPs following comments by the head of the Parliamentary pensions unit trustees and former Conservative Cabinet minister John MacGregor stressing the importance of […]

Investment View

“Another day – another dollar. Another year and – well, who can say.” The finance director of the curiously named Betelgeuse Investment Funds pondered the usefulness of the forward strategy committee as it scoped out its plans for 2001. “This is Dullsville, big time!” he reflected, fortunately silently. “So, in conclusion, 2000 worked well for […]

UK gilts: Shaken and stirred

Mike Riddell, fixed income portfolio manager at Allianz Global Investors, reviews the performance of the UK government bonds market post-Brexit and assesses its future prospects, as well as giving his outlook for global fixed income markets and yields movements. In addition, he provides a brief analysis of the impact of Brexit and the Bank of […]


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