View more on these topics

ScotEq says IFAs should consider transfers for EPP clients

IFAs should review the pension arrangements of their clients who have executive pension plans and consider transferring them to a personal pension, according to Scottish Equitable.

The company says pensions have changed over the years and it believes that the time is now right for IFAs to review their clients with executive pension plan benefits and consider a move to a personal pension.

ScotEq says that this is a good time for those in occupational pension schemes who may have failed the Inland Revenue&#39s maximum funding test in the past to revisit their pension pot to see if a transfer would be in their best interests.

ScotEq says the target market for such transfers is worth £4.2bn a year and it is embarking on a marketing campaign detailing the 13 reasons why an EPP to PPP transfer may be beneficial for a client.

The campaign is backed by an IFA guide, direct mail material and suitability reports.

Individual pensions marketing communications manager John Joe McGinley says: “There are many reasons why people may wish to transfer from an EPP to a PPP.

“For example, they may be able to increase tax free cash available or have higher lump-sum death benefits.

“We can help IFAs identify clients who may benefit from a transfer to PPP and simplify the transfer process.

“More and more IFAs are entering this massive and growing market and we will continue to develop our support material to help IFAs claim their share.”


Britannia sets up offset mortgage

Britannia Building Society is rolling out its new offset mortgage throughout its branch network. The Savings Mortgage was launched via the society&#39s website and call centre last month. The loan tracks the Bank of England base rate plus 0.85 per cent for the life of the product. It is fully flexible and includes no admin, […]

Rate expectations

Well, another Budget has come and gone. The early night we were expecting turned into a late night, with some relatively complex detail in the Budget notes and press releases on subject matter of (I suspect) very little interest to the world at large but of greater interest to the financial services industry in general […]

Keydata offers two versions of structured growth plan

Keydata is rolling out two new versions of its dynamic growth structured product to offer investors different levels of geared returns from growth in the FTSE 100.The enhanced growth option, which is being targeted at more bullish investors, offers double the rise in the FTSE 100 to a maximum investment return of 100 per cent […]

Allied Irish Offshore – Secure Combination Bond

Tuesday, 22 April 2003 Type: Guaranteed equity bond and high interest account GUARANTEED EQUITY BOND Aim: Growth linked to the performance of the S&P 500, FTSE Eurotop, Nikkei 300 indices Minimum-maximum investment: £4,000, euros 4,000-none Term: Six years Guarantee: Original capital returned in full regardless of performance in the indices Return: Up to 50% growth […]

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]


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