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SLI sees surge in online fund switches

Scottish Life International says IFAs are readily using its secure extranet service for fund switches.

SLI says over 20 per cent of all its fund switches performed during June were conducted through the site. SLI aims to expand the service with online valuations and commission enquiries and an online demonstration tool to explain the site to IFAs.

SLI e-commerce analyst Kelly Paterson says: “ takes service to new levels whilst saving intermediaries administrative hassle.”


Consumers&#39 Association welcomes Sandler

The Consumers&#39 Association has savaged the financial services industry in its welcome of the publication of the Sandler review of medium and long-term consultation document.CA head of policy research Michelle Childs says: “The long-term savings industry which funds most pensions and mortgages is in need of an urgent overhaul to transform it into an industry […]

Furness offers boosts to first time buyers

Furness Building Society is launching a new mortgage designed to give first-time buyers a boost onto the property ladder. The 6.69 per cent variable rate loan offers cashback of up to 4 per cent of the amount borrowed and has no valuation fee and no mortgage indemnity premium. Borrowers also receive free loan protection insurance […]

ABI set to adopt Saltr standards on with-profits

All ABI members may be forced to adhere to Saltr standards on with-profits disclosure under the latest proposals on annual with-profits statements. The proposals, unveiled at an ABI with-profits workshop this week, may be introduced as either a code of best practice, a mandate for members or may be adopted by the FSA as part […]

Skandia offers multi-manager fund

Skandia has set up a new multi-manager fund bringing together the talents of Jupiter, SG Asset Management and Merrill Lynch Investment Managers. The UK dynamic fund is available through Skandia&#39s life and pension products and will be the third in its UK equity fund range alongside its UK index and UK equity funds. MLIM will […]


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