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Prudential aims on-line pension service at the fitness and leisure industry

Prudential is setting up an on-line pension scheme aimed at more than 500,000 workers in the fitness and leisure industry according to today&#39s Financial Times.

The scheme is being set up in conjunction Sports & Fitness Leisure, a company specialising in employee benefits for the health and leisure industry.

The scheme will be fully compliant with stakeholder guidelines once they are formally introduced.

It will provide members on-line access to a wide range of information and access to four investment funds.


Lloyds TSB rescues Abbey Life with £176m package

Lloyds TSB has paid £174m to rescue subsidiary Abbey Life from a solvency crisis caused by the guaranteed annuities and the pension review.Abbey Life suffered a massive increase in liabilities in 1998 brought about by the cost of meeting annuity guarantees and the increasing cost of the pension misselling review. The scale of the crisis […]

General Electric takes aim at long term care market

The world&#39s second biggest company is to launch a new financial services firm in a bid to become the UK&#39s biggest long term care insurer. US based General Electric Company, valued at $250bn, is launching a UK version of the largest long term care insurer in the US, GE Financial Assurance. Next month it will […]

Government body urges small firms to work together on millennium bug

Government Millennium Bug advice company Action 2000 is urging the finance industry to unite to beat the Millennium Bug via The National Mentoring Scheme. Action 2000 is concerned that more than a quarter of firms are still not bug complaint. Its scheme is aiming to bring together thousands of businesses in workshops to share experiences, […]

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 […]

Life cover for life

When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what they were. For advisers thinking […]


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