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Stakeholder increases pension take-up says Virgin Direct

Stakeholder is responsible for a 250 per cent rise in the number of people starting a private pension according to Virgin Direct.

Virgin points to ABI figures which show 535,000 individual pensions were taken out since April, which is a rise of 247 per cent on last year. Virgin says its pensions sales have more than doubled over the past six months.

A third of Virgin stakeholders were bought by people in their 20s and women accounted for 48 per cent of sales. Nearly 15 per cent were taken out for children. The internet accounted for nearly 15 per cent of sales and the average direct debit contribution was £118.


SVM appoints Casson

Scottish Value Management is appointing Paul Casson as investment manager to manage European portfolios of segregated accounts. Casson will as assist in the management of the SVM European growth fund and SVM continental Europe fund.Casson joins from Martin Currie Investment management where he worked on the European and Pan-European desk for four years.SVM managing director […]

Outside edge

As I finish the final draft of my “Dear Ron” letter it becomes clear that the status quo is no longer an option. Scottish Amicable abandoning commission on regular-premium business simply acknowledges the fact that a far more commercial world is well on the way for those of us who wish to remain as IFAs. […]

Sole traders to pay less after N2, claims FSA

The FSA claims most of the UK&#39s 1,500 sole trader IFAs will pay less in fees to the regulator after N2 under its proposed fee-raising arrangements. It says one-person firms currently pay between £1,110 and £1,670 to the PIA depending on the type of business but under the new structure the average fee will be […]

Scot Life axes fees on regular pensions

Scottish Life has removed policy fees for all new regular-premium personal pension plans of £100 or more a month. The company says its flexible commission options, extensive internal and external fund range, Royal London&#39s with-profits performance and its latest initiative make a convincing case for IFAs to recommend its products. Scot Life says its personal […]

Dividend slump? Not if you look globally

By George Boyd-Bowman, Manager of the Neptune Global Income Fund Recent research has indicated that global dividend growth will slump by as much as 50 per cent in 2016. As collapsing commodities hit high-profile dividend payers, George Boyd-Bowman explains why the US and Japan are his top picks for income growth in 2016. Click here […]


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