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Skandia bonds with pension trustees

Elms simply says that the commission is fair and reasonable.

On the subject of the product literature, Bumford says: “It provides a satisfactory explanation of the contract details, however, given that the major selling point is the extensive range of investment options, client literature detailing the available funds and, more importantly, the associated charges would be helpful. It may be that this is available, but is not issued with quotations as a matter of course.”

Elms calls the literature clean, concise and straightforward, while Reid calls it acceptable.

Summing up, Elms says: “Skandia has established itself as efficient product packagers, delivering initiatives and service. It has earned the support of the IFA community.”


Mortgage medicine

Research by NOP for the ABI found that one person in five believe they canrely on the Government for financial support with their mortgage if theywere unable to work. What they did not realise was how long they would haveto wait. Whether buying a new home or remortgaging, borrowers whose loanscompleted on or after October […]

Tonks takes over as Ilag chairman The

The Insurance & Life Assurance Group has appointed Bill Tonks as its chairman for 2001-02. He has spent the last 10 years working as a compliance officer first for Eagle Star and then Nationwide Building Society. He currently works for Nationwide as divisional director (risk management). Tonks will replace Phil Smallwood, who will continue to […]

Britannic proves trustworthy

Britannic Asset Management has introduced its third investment trust, the Britannic UK income trust.This split capital investment trust is divided into a growth portfolio consisting of UK shares and an income portfolio containing split capital shares and corporate bonds. The ordinary shares and zero dividend preference shares are aimed mainly at institutional investors such as […]

A&L speeds up online loan service

Alliance & Leicester is launching an online mortgage application service for users of Legal & General&#39s mortgage decisions system. The aim is to provide a decision in principle on applications within 60 seconds and a 24-hour application tracking service.

How QE is distorting the gilt market

By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]


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