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R&SA signs five firms for fund links

Royal & Sun Alliance is teaming up with five fund managers to launch external fund links on its online pensions solutions product range.

From April 8, IFAs will be able to access 12 funds from Aberdeen, Baillie Gifford, Framlington, Gartmore and Newton.

To qualify for the panel, each fund had to have four stars from Standard & Poor&#39s and/or a &#39A&#39 research rating and needed to achieve average performance in the top two quartiles over one, three and 10 years.


Bemused about the FSA&#39s views

Your report that the FSA and David Severn are “bitterly frustrated and bemused” by IFA reaction to the proposed changes in polarisation must surely be wrong.This report had its origin in a statement made by fee-based advisers John Baxter and Giles Pidcock of Baxter Fensham. Just suppose that this report was right – the implications […]

Equity-release loan offers guarantees

Legal & General Bank is offering an equity-release mortgage for people aged over 60 with guarantees to safeguard them against negative equity, eviction and repossession.It is designed to ensure that a borrower can live in their property for the rest of their life or until they permanently leave home, for example, to go into care.To […]

&#39Stakeholder will not pay out much more than Mig&#39

Stakeholder is unlikely to reward its target audience with much more than the minimum income guarantee in retirement, according to figures from the ABI.Its latest figures reveal that the average monthly payments into a stakeholder is just £81, giving a 35-year-old man a projected £134 a week at the age of 65 compared with the […]

Standard says S2P is &#39great Government giveaway&#39

Standard Life is calling the new state second pension the Great Government Giveaway, saying its terms are so generous it is a bonanza for “doctors&#39 wives”.The loophole enabling professionals to claim a pension for their spouse was available under Serps but benefits would only amount to a few hundred pounds. S2P bumps up those benefits […]


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