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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Investment insight: Are you clear how your ATR tool works?
The regulator says advisers need to know how tools work, but many lack confidence and knowledge
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VouchedFor: FCA directory could see more ‘bad’ advisers being picked
The proposed FCA directory that will include advisers’ details could see more people finding “bad advisers”, according to adviser review site VouchedFor. A LinkedIn article by VouchedFor chief executive Adam Price says this is because the regulator’s consultation paper pitching the directory suggested little around underlying adviser checks being substantively improved. In the article, Price says: […]
Cold-calling pension firm shut down
A pension company that invested in storage products with investors’ savings has been ordered into liquidation by the High Court. Kent-based Chartwell Trustee Pension Solutions was the sole trustee of the Pinnacle Pension Scheme. Chartwell amassed in excess of £4.8m of members’ pension funds following an apparent cold-calling telesales operation. Members were told to expect 8 […]