View more on these topics

Scot Life axes fees on regular pensions

Scottish Life has removed policy fees for all new regular-premium personal pension plans of £100 or more a month.

The company says its flexible commission options, extensive internal and external fund range, Royal London&#39s with-profits performance and its latest initiative make a convincing case for IFAs to recommend its products.

Scot Life says its personal pension plans offer very attractive terms, often with an annual management charge of less than 1 per cent, while still paying competitive levels of commission to IFAs. It says this gives the IFA flexibility to improve the contract terms further through commission sacrifice in a way not possible with most stakeholder plans.

Head of communications Alasdair Buchanan says: “Many predicted the introduction of stakeholder would mark the death of the personal pension but this has been anything but the case. Retirement planning continues to be a very complex area and, in many cases, the cheapest solution does not necessarily prove to be the best. It is in areas such as retirement planning that IFAs really come into their own.”

Recommended

Teather & Greenwood – TGIM UK Equity Growth

Wednesday, 26 September 2001.Type: Oeic.Aim: Growth by investing in UK equities listed in the FSTE all-shareindex.Minimum investment: Lump sum £500, monthly £50.Investment split: 100 per cent UK equities listed in the FTSE all-shareindex.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5 per cent, annual up to 1.9 per cent.Commision: Choice of initial 3 per cent or initial […]

Scot Wids Bank reduces home equity loan rate

Scottish Widows Bank has reduced the interest rate on its home equity loan to 7.75 per cent from 8.19 per cent.It says it has made this cut by employing market-leading treasury techniques which allow home owners over 60 to release capital tied up in their home.The interest rate is fixed for the full period of […]

Talkback

Should recognised professional bodies continue to get trail commission after N2 even though they will no longer be authorised to provide advice? “Yes. When I retire, I will no longer be authorised but I would like to still receive trail commission.” Michael Littlefield, Michael Littlefield & Associates“No. If they are not giving advice, why should […]

CMG Admiral in Asian IT deal with Towry Law

CMG Admiral has signed a £4.5m 10 year deal with Towry Law to outsource its IT services internationally.The deal will see CMG Admiral streamline Towry Law&#39s existing infrastructure across its Asian operations, including Hong Kong, Dubai, Bahrain, Japan and Malaysia.Towry Law chief operating officer Keith Webb says: “Towry Law can embrace internationally CMG Admiral&#39s ability […]

Greece: the sideshow continues

Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and the US. To read the full article click here.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment