Scottish Friendly Assurance is launching its growth and security with profits bond for 2001 with a bonus rate of 6 per cent, guaranteed until January 2002. This is the same bonus rate which applied to the bond in 2000. With a minimum initial investment of £3,000, single investments over £10,000 in the bond receive an additional one per cent allocation with a loyalty bonus of 2.5 per cent extra units payable after 10 years. Scottish Friendly's new business increased by 25 per cent in 2000.
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ScotEq eyes are on protection market
Scottish Equitable's new individual protection product range will offer personal, mortgage and business protection through menu-based products. The new range, available from January 23, will be marketed under the brand name Scottish Equitable Protect. Each menu offers a range of different protection benefits such as life insurance, criticalillness cover and total and permanent disability cover. […]
Three year discount from Derbyshire
Derbyshire Building Society has introduced the three year discount mortgage. The mortgage is aimed at first time buyers and people who are looking to remortgage their properties. It has a discount of 1.49 per cent from the societies standard variable rate for the first three years of the mortgage for loans of up to 95 […]
FSA passed Equitable fit a month before closure
The FSA is coming under pressure to explain why it granted Equitable Life approval for stakeholder pensions just a month before it closed its doors to new business. The regulator is also under fire from regulation lawyers for giving too much weight to the opinions of Equitable's legal team which was confident Equitable would win […]
Take cover
The rules for stakeholder pensions could have serious implications for investors transferring from a personal pension with life cover included to a stakeholder pension with the same benefit from April 6. Investors may find that they are unable to have the same level of life cover as before because the new calculation method means the […]
Europe: Neptune’s Burnett looks beyond Greece
Watch Rob Burnett, manager of the Neptune European Opportunities Fund, discuss the Greek bailout deal and its potential implications for European equities. In the video, Rob discusses: Why, with the Greek crisis receding, markets can now focus on Europe’s strong fundamentals The resilience of European markets and why the recovery is on a solid footing […]
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AFH chief executive: ‘We have no intention of slowing down on acquisitions’
AFH chief executive Alan Hudson on leading the industry’s most prolific advice firm consolidator After announcing four acquisitions in just two weeks earlier this month, AFH chief executive Alan Hudson knows the market has questions about the sustainability of the group’s success. AFH is becoming a mainstay of adviser-press headlines as it continues buying up […]
Pensions minister: ESG rules will help demystify pensions for younger savers
Auto-enrolment has transformed saving and new regulations will help the pensions industry keep up. In 2012, pensions saving ebbed to a new low. Just 42 per cent of eligible private sector workers were participating in a workplace pension. Just six years on, that figure has soared to 81 per cent. The impact of auto-enrolment has […]
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How are advisers handling client questions on crypto-currencies?
Michael Klimes examines the sceptical attitude advisers take towards crypto-currencies Unregulated investments can take diverse forms in the UK, from burial plots near Birmingham to storage pods in Blackburn. In more exotic locations such as the Caribbean, property is popular, while so-called “ethical crops” have lured investors to Africa. While these have been on advisers’ […]