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Scottish Friendly&#39s WP fund best over five years

Scottish Friendly&#39s with-profits fund has posted the highest return over the past five years, according to a survey by Investment, Life & Pensions Moneyfacts.
Based on a single premium of £25,000, Scottish Friendly&#39s fund has returned £31,170, putting it ahead of Prudential and MGM Assurance, which returned £29,721 and £28,037 respectively. The worst performer was Axa, which reached only £22,093.

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Squirrel brings Mortgage Assess on board

Mortgage network Squirrel Financial Management has announced it has joined forces with the CII/Sofa training facility Mortgage Assess making its online T&C service available to its members. It includes an assessment test so advisers can gain an indication of their current levels of knowledge and training modules so they can revise particular product areas. SFM […]

NU says strength comparisons are misleading Govt move to change wind-up priority

The Government says its decision to change the priority order on pension wind-ups will help to ensure that pension savers do not lose all their entitlements if their scheme goes bust. Under pressure from backbenchers calling for compensation for 60,000 wind-up victims, the Government has said it will bring in laws to ensure that pension […]

Resilient offshore sales recovering

Total offshore life sales fell by 18 per cent last year to £6.8bn APE from £8bn in 2002 according to figures from the Association of International Life Offices. Worldwide sales of singlepremium products totalled £4.5bn and regular-premium business was £2.40bn. But the Ailo says the underlying trend through the year is up, with figures for […]

Points of interest

Mrs Watkins (W) died on December 12, 1999. Her house consisted of two flats – a ground-floor flat which was let and a first-floor flat in which she had lived with her husband (H). Her will included a gift of her house to her trustees on trust for sale, with directions that H might live […]

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