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Skandia – Series Six Personal Pension Income Plan &#45 Single Price

Type: Income drawdown plan

Minimum premium: Full drawdown £100,000, phased drawdown 5% of personal pension funds of at least £250,000

Minimum-maximum ages: 50-71

Fund links: Choice of 317 funds from Aberdeen, Artemis, Alliance Berstein, Allianz Dresdner, Baring, BlackRock, Britannic, Credit Suisse, DWS, FirstState, Fidelity, Foreign & Colonial, Framlington, Gartmore, Goldman Sachs, Henderson, HSBC, Invesco Perpetual, Investec, Isis, Jupiter, JPMF, Lazard, Liontrust, M&G, Martin Currie, Merrill Lynch, MFS, Morley Neptune Newton, Old Mutual, Sarasin, Schroders, Skandia Investment Management, Societe Generale, Templeton, Threadneedle, Wellington

Charges: Annual 0.25-0.75%

Minimum term: Two years

Options: None

Commission: Choice of initial up to 3% and fund-based renewal 0.5%, or fund-based renewal 1%

Tel: 023 80 726111


Bee puts forward pension deal to stop misbuying risk

A pension product allowing low earners to unravel their retirement saving if they are at risk of losing out under means-testing on retirement would remove the risk of misbuying, says Scottish Life pensions guru Steve Bee.Bee says the pension industry should accept that the Government will not back down on the Pension Credit and means-testing […]

Scottish Widows – Guaranteed Investment Bond

Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £2,000-£100,000 Term: Six years Guarantee: Original capital returned in full regardless of performance of index Return: Up to 60% growth at end of term Closing date: August 24, 2003 Commission: Initial 3% Tel: 0845 843 2222

First-time buyer numbers continue to fall – Halifax

Halifax&#39s house price index shows that the number of first time buyers coming onto the market is at its lowest level since records began in 1974. The figure fell to 174,000 in the first six months of this year compared to 253,000 in the corresponding period last year. House prices increased by 1.3 per cent […]

Axa Isle of Man – Evolution Extra Income Fund

Type: Unit-linked fund Aim: Growth by investing in the Axa Extra Income Fund Minimum investment: £15,000 Place of registration: Isle of Man Investment split: 100% in the Axa Extra Income Fund Charges: Annual 0.5% Commission: Subject to negotiation Tel: 01624 643345


Britain's “Forgotten Army”: The collapse in self-employed pension membership – and what to do about it

Pension scheme membership among employees has risen by more than five million in the past four years because of the policy of automatic enrolment into workplace pensions. But Britain’s army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment. Pension coverage among the self-employed […]


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