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ScotEq Intl offshore plan targeting pension IFAs

Scottish Equitable Inter-national is aiming at ret-irement specialist IFAs with its new offshore investment plan.

Clients can make regular and or one-off contributions and withdrawals at any time. Minimum monthly contribution is £500 and there is no maximum.

The company says the most obvious market for the product will be the growing number of high-net-worth clients who are planning to move or work abroad.

According to Alliance & Leicester&#39s latest figures, in less than 10 years, one in eight Britons will move abroad, with the figure rising to one in five Britons by 2020.

But ScotEq Intern-ational also intends to target employers who want to top up the pension arr-angements of key employees but are unable to do so because of pension cap restrictions.

The company says it will focus on pensions advisers who may not have considered writing offshore business before.

Head of marketing Ste-ven Whalley says: “The plan is ideal for high earners requiring a pension top-up or for those with an irregular income stream who need more flexibility alongside their pensions.”


Public can take stakeholder complaints to the watchdog

Consumer with unresolved complaints over their stakeholder products can take their cases to the Financial Ombudsman Service for compensation under the FSA&#39s latest proposals. The FOS will consider the specific rules on suitability for simplified selling rather than those that apply for full advice. Although advisers will not have to have financial qualifications, they must […]

SG Asset Management – SG UK Smaller Companies

Type: Oeic Aim: Growth by investing in quoted smaller companies in the UK Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% in quoted UK smaller companies Isa link: Yes Pep transfers:Yes Charges:Initial 5.25%, annual 1.5% Commission: Initial 3%, renewal 0.5% Tel: 0808 100 4432

Rooms with a view

The Diary hears of a rather unfortunate bungle at this year&#39s LIA annual conference. A computer bug caused more than a few embarrassed chortles when members were misdirected to the wrong rooms at London&#39s Hilton Metropole by hotel staff at the start of the conference. Guests ambled round the hotel searching for the right rooms […]

L&G wins outsource deal for Scottish Friendly&#39s life fund

Scottish Friendly says the majority of its £355m life fund is to be outsourced to Legal & General, with around £230m in tracker funds linked to the all-share index, the all-stocks gilts index and several foreign equity indices. The remainder of the life fund is invested in a number of specialist investment funds aimed at […]


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