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 […]
Planning opportunities with international bonds
Using an investment wrapper set up by a life insurance company in a jurisdiction with a favourable tax regime, such as the Isle of Man or Dublin, opens up a wealth of planning opportunities. Investors benefit from growth that is largely free of tax as no tax is imposed on the income and gains in […]
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Brooks Macdonald backs cost-cutting drive to buck market falls
Brooks Macdonald says its new “streamlining” plans for the business will help it maintain margin against the impact of falling markets. A trading update from Brooks this morning says that a dip in markets had reduced management fees and new business flows. Funds under management fell from £12.8bn to £11.8bn in the quarter to December […]
SJP nears 4,000 adviser mark
St James’s Place has reported another increase in adviser numbers as it approaches the 4,000-mark for qualified financial planners. An update this morning shows SJP’s qualified adviser numbers increased from 3,661 in December 2017 to 3,954 last month, as the number of partner advice firms increased from 2,415 to 2,489. Chief executive Andrew Croft says: […]
Should advisers stay bullish amid Brexit concerns?
With a final plan for Britain’s exit yet to surface, advisers are showing positivity in the face of uncertainty Rarely has a deal been so harshly slapped down as the European Union exit plan presented to MPs two weeks ago by Theresa May. There are less than 70 days to go before the UK reaches […]
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