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Scottish Friendly launches Isa to IFA market

Scottish Friendly Assurance is launching its Isa range into the IFA market.

The friendly society is targeting 7,800 IFAs with a mailing providing details of its three products.

The society&#39s Isa was launched to its existing customers in June. Its maxi version consists of equity, cash and insurance components.

Its mini-Isas are only available on an equity or insurance basis.

The insurance element is based on its with-profits fund which is currently paying a bonus of 7.5 per cent.

The Isa has a 4 per cent initial charge and a 1 per cent annual management charge.

IFA commission is available at 3 per cent.

Scottish Friendly&#39s marketing manager Harry Gibb says: &#34Our research, together with early feedback from IFAs, shows that our insurance Isa in particular is likely to be very popular as a niche product with those IFA clients who want to take advantage of a tax free product but want the security as well.&#34


Scot Life enhances GPP range

Scottish Life has made a number of enhancements to its Talisman group personal pension plan.In a move to underline its commitment to the GPP market the life office has added a stakeholder friendly option. This provides IFAs with the opportunity to use a level load charging structure which can also be adapted to stakeholder at […]


Royal & SunAlliance to review life business

Royal & SunAlliance has announced a shake-up of its life assurance operations. The review will see the life office move away from its traditional business area of with-profit funds and endowment policies. The results of which will be announced in September. The news came as the RSA Group unveiled its first half year profits has […]

TWEFS appoints new chief exec

Tunbridge Wells Equitable Friendly Society has appointed David White as its new chief executive.White was appointed to the friendly society&#39s board as sales and marketing director last year. He replaces Nick Morrell who has left the society to pursue other interests.Peter Lloyd is appointed deputy chief executive and actuary. He joined the company in 1989 […]

Mortgage Express offers loans over 100 per cent loan to value

Mortgage Express is offering loans of 100 per cent or more loan to value for borrowers without a deposit.The specialist lender estimates 6,000 people a month cannot afford the 5 per cent deposit normally needed to buy a house.It says for many people wanting to buy a house their main problem is trying to save […]


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