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Rechabite Friendly Society launches savings plan for teetotallers

The Rechabite Friendly Society is launching a five year single premium savings plan aimed at teetotallers.


The plan guarantees to pay non-drinkers a guaranteed bonus of 7 per cent in the first year, for a minimum investment of £1,000.


The traditional with-profits savings plan is available to December 31, to individuals who abstain from alcohol.


Rechabite chief executive William Turnbull says: &#34The new five year savings plan is one of the most attractive currently on the market and our other savings products mean we can offer a range of products to suit our members. This is another example of how a an alcohol free lifestyle can pay dividends.&#34

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Guide: how to… audit your auto-enrolment scheme compliance

As the Pensions Regulator starts to bare its teeth and the changes mentioned in the Budget and Queen’s Speech start to come into force, it is essential that you understand your scheme and the processes you need to undertake to ensure it remains compliant. Our second re-enrolment guide looks at how to audit the key areas of your auto-enrolment scheme.

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