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Royal London enters stakeholder race

Royal London is joining the growing number of companies offering a stakeholder product, with the introduction of the Royal London stakeholder pension.

The pension is aimed at lower paid individuals who are looking for a pension that fulfills the stakeholder criteria.

Administration of the Royal London pension will be handled by Scottish Life. The pension offers access to just the one fund, the Royal London stakeholder pension managed fund, which was created at the start of April 2001.

The annual management charge is one per cent and the minimum that can be placed within it is £20.

Compared to some of the other stakeholder pensions on the market, such as the recently introduced Norwich Union stakeholder pension, called your pension @ Norwich Union, the Royal London product offers no flexibility in the choice of funds.

In contrast your pension @ Norwich Union allows investors to choose from up to six internal funds, ranging from with-profits, to UK index tracker and 16 external funds from companies such as Deutsche, Invesco, Merrill Lynch and SocGen.


Caution is urged on DB transfers into stakeholder

The ABI is issuing its members with guidance notes to curb fears of widespread misbuying as members of occupational pension schemes transfer their defined benefits to stakeholder. Life offices and IFAs fear that the requirement to allow transfers from all other pension arrangements to stakeholder creates the potential for misbuying by defined-benefit scheme members who […]

Nationwide marked down over &#39Cat&#39 cap mortgages

Nationwide Building Society has been criticised for offering Catmarked mortgages which IFAs claim do not comply with the Government&#39s standards. The UK&#39s biggest building society is accused of exploiting a technical loophole which allows it to market discount mortgages as Catmarked while charging borrowers redemption penalties. Under the Cat-standard rules, discount-rate mortgages are banned from […]

Price rises mean eight-year low for housing affordability

The affordability of housing is at its worst level for eight years, according to the latest findings from Cheltenham & Gloucester. Average and first-time buyers are spending the same proportion of their wages on their mortgage repayments as they were in 1993. But it also claims the future remains bright for homeowners as affordability is […]

Get yourself noticed

LJ writes: I am 28, I have a good reputation and a strong network of professional contacts and happy clients but I find when I am networking in a male gathering, I disappear. I can be in the middle of a conversation and one man will start talking over me to another, or answers I […]

How do you choose the best online service?

By Ross Jackson, senior marketing manager There are many different protection online services available in the market and no doubt you’ll have used a few when submitting protection business. But why should you have to put up with slow, unresponsive sites for your business when you’re used to dealing with slick, modern user experiences in your […]


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