View more on these topics

ScotLife adds online fund switching for Solutions

Scottish Life is offering online fund switches for members of its Retirement Solutions range of group pensions.

Users can switch current fund values, redirect future payments or both. Retirement Solutions offers a range of external funds within a 1 per cent cap.

The system allows entrants to existing schemes to be added online. There is also a facility that allows the investment of additional voluntary contributions separately from the main fund and the option to view outstanding new business transaction requests.

Group pensions marketing manager Mark Polson says: “We are aware of the need to continually look for new ways to differentiate ourselves and improve our proposition. By introducing internet banking-style functionality, we are not only giving individuals even more control of their pensions but also keeping Retirement Solutions ahead of the pack.”

Recommended

Dripfeed

Nearly every financial adviser has been brought up on the theory that making an investment in instalments can produce benefits compared with investing a lump sum. Unfortunately, one cannot know in advance whether it is better to invest a lump sum immediately or spread it over a period. In this series of articles, I will […]

Rising rates bring surge of applications for fixes

Lenders say fixed-rate mortgages are increasing in popularity, with new offers from Nationwide and Barclays. Barclays says the recent string of interest rate rises has seen the number of applications for fixed-rate mortgages double from 11 per cent in January this year to 21 per cent in July. It predicts that the level of applications […]

Revenue tax warning over endowment compensation

Victims of endowments misselling could face further costs for failing to pay tax on their compensation packages, acc-ording to the Inland Revenue&#39s latest update. In its August monthly rev-iew, the Revenue says it wants to make it absolutely clear to consumers and their accountants that interest received as part of misselling compensation will be subject […]

Kevin Duffy on mortgages

Deadlines are such that this piece had to be written before B&B announced who its preferred Charcol buyer might be so, at the risk of making some clumsy predictions, here is what my crystal ball tells me. One sure thing is that an MBO can be discounted. I sense an unwillingness on the part of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment