View more on these topics

Scot Prov members await windfall decision

Around 450,000 Scottish Provident members will this week find out which of their policies entitle them to demutualisation windfalls.

For those whose policies matured between September 7, 2000 when the takeover was announced and August 1, 2001 when the business was transferred, membership will be re-conferred and compensation for loss of voting rights paid.

Compensation will also given to the estate of any member who died between these dates.

The variable compensation payable to certain with-profits policyholders will calculated by the end of the year, with payments proposed to be made early in 2002.

Recommended

Health plan for seniors from Pinnacle

Pinnacle Insurance is launching a private health product aimed at the elderly market with cover starting from £1.50 per week.The Pinnacle Senior Health Cashback plan offers contributions to routine dental and optical costs and consultancy fees.Applicants under 80 years of age are guaranteed entry and no medical is required.Pinnacle director of new products Tony Claytor […]

Accrual world

Last week, I started to look at the way in which transfer values are calculated for early leavers from final-salary pension schemes and the implications of some of the issues arising from these calculations.I noted that the first stage is to identify and quantify the value of the benefits accrued up to the date of […]

Massow buys back IFA business

Ivan Massow has successfully bought back Massow Rainbow, the IFA business he founded, from the receivers as reported by Money Marketing on late afternoon on Friday October 5.

N&P cuts fixed rates on Costa del Sol

Norwich & Peterborough Building Society is cutting rates on its fixed-rate sterling mortgages for UK borrowers buying property on the Costa del Sol.It is lowering its two-year fixed-rate loan from 5.74 per cent to 5.49 per cent. Minimum loan is £40,000 and maximum loan to value is 65 per cent.The five-year fix is cut from […]

Global equities: time to de-risk?

While equity valuations have doubled since the financial crisis, Simon Edelsten explains that there are still pockets of value. But not where you might think Macro-economic uncertainty is causing turbulence in equity markets. Artemis Global Select Fund manager Simon Edelsten says his investment themes are taking him in a different direction to some of his peers – away […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment