View more on these topics

R&SA joins pension commission battle

Royal & Sun Alliance is the latest provider to join the pension commission

war in a bid to win market share ahead of stakeholder.

The move is part of the company&#39s aim to triple its market share of the

group pension market by 2004.

It is launching new group personal pensions and contracted-in

money-purchase schemes paying commiss- ion of up to 90 per cent of Lautro


The new plans offer IFAs the choice of charging str- uctures, including an

opt- ion of a 0.7 per cent ann- ual charge for bigger schemes of 100

members or more.

This version offers an allocation rate of between 95 and 100 per cent,

depending on the type and level of commission taken by the IFA.

The second version, which is available on an individual and group basis,

features a 5 per cent initial charge, 0.5 per cent annual charge and a

£2.64 a month policy fee.

Asset accumulation leader Mark Birks says: “We are fully committed to

being a key player in the stakeholder market. As one of the first providers

to introduce level-load charges to our pensions in 1995, we have always

sought to offer excellent value to IFAs.”


Charcol set for online venture with Tesco

The Investec Guinness Flight Asia fund changed its name this week to theAsia New Economy fund to reflect a change in the fund&#39s investmentorientation.The focus of the fund will be similar to that of Investec GuinnessFlight&#39s successful Wired index fund. It will invest in companies across aspread of sectors which are considered to be in […]

Scale of endowment shortfalls revealed

Standard Life figures indicate nearly half its 1.2m endowment mortgage policies are off target and on its current projection rates 530,000 of its customers will not fully repay their mortgages. 120,000 mortgage holders at Royal Insurance and Sun Alliance, 200,000 at Scottish Life, 100,000 at Prudential; 140,000 at AXA Sun Life, 110,000 at Allied Dunbar, […]

School of thought

Will negative media coverage become a self-fulfilling prophecy and willlife insurance companies have no reason to maintain the level of terminalbonuses with so many people cashing in policies?Around 35 per cent of policyholders do retain their policy until maturityand only around 3 per cent of all in-force with-profits endowment policiesare surrendered on the secondary market […]

Cyber survival

People want information now. They expect instant responses to email. Theinternet is growing at an amazing rate. There are 15,000 new users everyday in the UK, which is equivalent to annual growth of 33 per cent.The financial services business is at the centre of the revolution.Analysts expect internet bank users to rocket from 750,000 today […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm