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Scottish Equitable add EPP to their range of pre-stakeholder pensions

Scottish Equitable is re-launching its executive pension plan with pre-stakeholder single-charge terms in the run-up to the onset of stakeholder in April 2001.

The new style EPP is part of ScotEq&#39s range of single-charge individual pension plans which will be launched in the new year.

The EPP offers single-charge terms with a choice of annual charge and commission options, depending on the level of advice provided by the IFA. The plan offers a choice of terms with annual management charges ranging from 0.75 per cent through to 1.5 per cent which includes commission to reflect the amount of advice given by the IFA.

The new product will be supported by marketing aids designed for IFAs working with company directors.

Marketing director Ken Hogg says: “Scottish Equi table is one of the first in the market with a true single-charge executive plan with a range of annual charges above and below 1 per cent.

“We recognise stakeholder is driving pension charges down, however we firmly believe independent financial advice continues to play a crucial role in retirement planning. We have developed flexible terms through which IFAs can be remunerated according to the level of advice they are providing.”


Yorkshire go for Tessa opportunity

Yorkshire Building Society has introduced the equity linked tax exempt special savings account (Tessa) only individual savings account (Isa), which is designed to accept investments from maturing Tessas. Yorkshire has given the Isa a fixed rate of 6.2 per cent until March 31, 2001. After this period the Isa will be divided into two equal […]

Equitable sells Permanent

Equitable Life is to sell its specialist protection and health insurer Permanent to Liverpool Victoria for £150m. Liverpool Victoria sees the IFA protection market as central to its growth plans. Permanent&#39s Exeter office is to be retained and no redundancies are foreseen at present. Equitable chief executive Chris Headdon says: “We received a significant amount […]

A churn for the worst

Christmas 2005. It has taken a while to get round to thanking rea ders for their good wishes on my retirement. Is it really seven years since the Green Paper on welfare ref orm – the one that introdu ced the idea of stakeholder? At the time, some of us rem ar ked that much […]

The hits and misses

In the political realm of West minster, some events that most concerned the industry barely made a blip on the radar screen while others were big political news. The Axa orphan assets court case, the recent downfall of Equitable Life and the success of Isas were all issues that Liberal Democrat DTI spokesman Vincent Cable […]

How can I help develop my professional connections?

Graeme Ballantyne, business consultancy manager, looks at how you can maximise the opportunities through your professional connections As we move through the summer months it’s perhaps a good time to pause and reflect on whether the plans you’ve made for your business are bearing fruit. One area we at PruConsulting know many advisers have been […]


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