View more on these topics

Scottish Mutual looks at the classic flexible way

Scottish Mutual has introduced the classic flexible trustee investment plan.

The plan is aimed at three groups of pension investors. The first are trustees of pension funds and self-invested pension plans. The second are those people who manage their own pensions. Thirdly, it is also aimed at people who are looking to diversify an existing pension portfolio.

The investment plan offers access to the full range of Scottish Mutual pension funds, as well as to managed funds from external managers such as Fidelity, Merrill Lynch, Newton and Perpetual. Investors can pick up to 10 different funds to be included in the plan and the funds are graded as cautious, medium or high risk.

Minimum regular contributions to the plan are £500 a month and payment can be made monthly, quarterly, every six months or yearly. Contributions can be increased, stopped or decreased at any time. Single contributions can also be paid in.

The product is similar to the AIG Life trustee investment bond. However, the AIG Life product offers access to a much wider range of external fund managers including Jupiter, Fidelity, Perpetual, ABN AMRO, Exeter, Threadneedle, Aberdeen and INVESCO, as well as AIG Life pension funds.

According to Standard & Poor’s, of the 18 Scottish Mutual pension funds seven are first quartile, two are second quartile, two are third quartile and seven are fourth quartile, based on £1,000 invested on a bid-to-bid basis with gross income reinvested over three years to August 8, 2001.

Recommended

ScotLife pension success

Strong employer-based pension sales have sent Scottish Life businesssurging by 30 per cent in the first six months of this year. Pension sales rose from £43.6m to £56.7m in equivalent premiumincome and new company-based business, including group personal pensionsand stakeholder, grew by 40 per cent from £24.2m to £34.1m. Total new business was up by […]

Divorcing couples urged to profit from Tep market

Couples going through a divorce should look to sell their mortgageendowment rather than surrender it, says market maker Beale Dobie. It claims over 50,000 people a year surrender a policy direct rather thanselling it on the Tep market for an average of 10-15 per cent more than thesurrender value. It believes that around £1bn of […]

Julian Gibbs

MyMoneyAdviser.co.uk, launched by Ann-Marie Martyn, the former chiefexecutive of IFA Promotion, is in my opinion by far the most useful websiteservice for IFAs. It is designed to help them make money. Over the past few weeks, Martyn has met more than 400 IFAs who areinterested in starting a website or improving their existing one. The […]

Outside edge robert reid

The other day, I had the benefit of a new virus, which disabled my pc, butthe support I received from the technical desk at my anti-virus softwaresupplier made me feel quite relaxed about a very serious problem. In contrast, the attitude of some product providers still leads a lot tobe desired and an increasing argument […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com