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Scottish Legal Life targets over 50&#39s

Scottish Legal Life is aiming its mutual investment bond at the over 50&#39s who are looking for capital growth as they head towards retirement.

This unit-linked bond will provide investors with access to the company&#39s unitised with-profits fund. In addition, investors can choose the managed or deposit funds.

Investors can switch between the funds and are allowed one free switch a year, which provides some degree of flexibility. However, with three funds to choose from, investment options are limited.

The mutual investment bond has no initial charge and a 1 per cent annual management charge, which could prove attractive to some investors. It is suitable for investors who want to bridge the gap between investing in stocks and shares and guaranteed equity bonds, and who do not want to take huge risks with their money.

According to Standard & Poor&#39s the Scottish Legal Life managed fund is ranked 20 out of 137 funds based on £1,000 invested on a bid to bid basis with net income reinvested over three years to December 4, 2000.


Nationwide extends Isa range

Nationwide has extended its Isa range to include a new Tessa maturity Isa from the start of the new year. The catmarked Isa will provide savers with maturing Tessas with the opportunity to reinvest their money. Nationwide marketing director Steve Clode says: “We are delighted to extend our already extensive Isa range. The Nationwide Tessa […]

PPIA appoints seven new directors

The Pensions Protection and Investments Accreditation Board is appointing seven new non-executive directors. These are John Akerman of law firm Olswang, Roderick Chamberlain of Coutts Consulting, Jenny Kirkpatrick of The Strategic Partnership, public policy consultant Brian Pomeroy, Ann Robinson of the Harwich Haven Authority, Tina Tietjen of the Women’s Royal Voluntary Service and Helena Wiesner […]

ScotLife looking for a bigger share of the GPP market

Scottish Life is stepping up its efforts to win group pension business by offering to undercut rivals&#39 rates on existing GPP schemes. The company is telling IFAs that if their clients&#39 sche mes are large enough, then lower terms may be negotiable. The move is part of the life office&#39s strategy to use its added […]

RJ Temple appoints new finance director

Brighton-based national IFA RJ Temple has appointed James Clarke as its new finance director. Clarke previously worked at Morgan Stanley and Lloyds TSB. RJ Temple managing director Michael Hawkins says: “We are commited to strengthening our corporate development activities and are delighted to welcome James to our management team.”


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