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Scottish Value Management aims for bigger IFA presence

Scottish Value Management is attempting to increase its presence in the IFA market with the launch its Low Risk Asset Fund.

The fund is registered offshore in the Cayman Islands and listed in Dublin. It is denominated in US dollars.

It primarily invests in traded endowment policies, but will also consider investing in other asset classes.

The fund will aim to spread the investment risk through a diversified portfolio of Teps with no more than 20 per cent investing in the policies of any one life office.

The fund has a minimum investment balance of US $100,000.

Charges are 3 per cent initial and 1.5 per cent annual management which includes 0.5 per cent to Tep specialists Beale Dobie.

IFA commission is available at 3 per cent initial and 0.5 per cent renewal.


CIS new business jumps 16 per cent

Cooperative Insurance Services has announced a 16 per cent jump in new life, pensions and unit trusts business for the first six months of the year.Equivalent premium income was up £20.7m to £146.7m from £126m for the six months to June 30 compared to the same period last year.CIS attributes the increase in business to […]

Norwich Union offers on-line annuity illustrations

Norwich Union is going on-line on the internet with a pension annuity illustration service for IFAs.The new service offers personalised key features across the range of NU&#39s range of pension annuity products including its new with-profits annuity which is being launched on August 2.The service is available through NU&#39s IFA first website, it will also […]

CTC launches stakeholder pension admin system

Financial services computer software specialists Chambers Townsend Consultancy has launched an administration and communications system for stakeholder pension schemes.The &#39e-stakeholder&#39 package is designed to cut down on needless paperwork and duplication of information.It can be used by anyone wishing to offer a stakeholder pension scheme, from insurance companies to trade unions and employers.The system provides […]

Datamonitor says only seven life and pensions offices are geared up for stakeholder

With the onset of stakeholder at least two years away, the life and pensions industry is gearing up to fight the battle of its life according to market analysts Datamonitor.The analysts believe that currently only seven companies are geared up to compete in the post stakeholder era.It names the companies as Standard Life, Prudential, Axa, […]


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