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Smith rejects CBI call on retirement age

Work and pension secretary of state Andrew Smith has rejected the Confederation of British Industry&#39s call for a raising of the state pension age to 70 by 2030.

The CBI is proposing a state retirement age of 70 to allow means testing to be abolished by paying a state pension equivalent to the pension credit, but Smith says the plan would be unfair on women whose retirement age is rising from 60 to 65 by 2010.


Pearl and Prudential in annuity deal

Pearl personal pension customers will have access to a Prudential annuity when their plan matures under an agreement announced by the two providers today. Under the agreement that will run for five years, Pearl customers will be offered the same annuity rate Prudential currently offers through IFAs. Prudential UK director of corporate partnerships Isabel Hudson […]

Child&#39s play for Alliance Trust Savings

Alliance Trust Savings has established the First Steps Plan, a savings product for children that provides access to the Alliance Trust and Second Alliance Trust investment trusts alongside a range of other permitted investments. The product is designed as a low-cost wrapper within which to build a portfolio of investments for a child through regular […]

Offshore sales get bond boost

Offshore investment business surged by 20 per cent to £199m in annual premium equivalent in the first quarter of this year from £165m for the same period last year. Single-premium business saw the biggest increase, up by 30 per cent to £1.4bn from £1.07bn, according to the Association of International Life Offices. Total new regular-premium […]

Lincoln Financial Group – Lincoln Manager of Managers Investment Bond

Type: Unit-linked bond Aim: Growth by investing in a range of 22 investment funds Minimum investment: Lump sum £5,000 Fund links: Choice of 22 funds from Castlemere Property Group, Delaware International Advisers, Framlington Investment Management, Goldman Sachs Asset Management, Investment Manager Selection, Invesco Perpetual, Jupiter Asset management, Lincoln, Schroders Allocation rates: £5,000-£9,999 &#45 101.5%, £10,000-£24,999 […]


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