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Stakeholder on road to success, says IFA survey

Stakeholder is set for success, according to a recent survey carried out by Royal & Sun Alliance Life & Pensions.

The poll, conducted among IFAs at a Pension Show in London, found nearly two-thirds think stakeholder pensions will be a success, but the res earch also revealed there is room for improvement in the products.

The Government could improve stakeholder by offering tax incentives for employers, according to over 90 per cent of respondents. R&SA says the lack of incentives is holding back employers from taking up the product.

The research also highlighted continuing confidence in personal pensions with nearly 80 per cent of respondents saying the products will still be strong when April 2001 comes around.

R&SA says it is not surprised by the results of the research because it bel ieves that stakeholder will work in general and that its existence will increase the awareness of pensions to the general public.

Corporate promotions leader Andy Milburn says: “Stakeholder obviously has a place in the pension market from April 2001. That is why we have registered our stakeholder as early as possible. The industry obviously believes there is room for improvement, especially in the area of plan incentives.”


FSA tells Widows to alter growth plan literature

The FSA has forced Scottish Widows to amend the literature provided on one of its products because of complaints that the information was misleading.The extra income and growth plan invests in a basket of 30 shares from the FTSE 100 index and promises investors a 10.25 per cent annual income plus the return of their […]

Merrill raises stakeholder awareness

Merrill Lynch Investment Managers is launching a technology-based stakeholder education campaign for investors. Merrill says the on-line technology is designed to raise stakeholder awareness through interactive education and is developing a state of the art website for potential scheme members. Merrill managing director Sarah Aitken says: “Raising awareness about the imminent arrival of stakeholder pension […]

IFA David Aaron calls for Tessa switch

IFA David Aaron Partnership is calling on investors with maturing TESSA investments to consider switching with profit bonds if they want a higher return on their investments. They claim many investors are losing out on valuable income by allowing the matured lump sums from the TESSAs to be put into low interest earning deposit accounts […]

Nottingham Building Society – 3 Year Discounted Mortgage

Thursday, 9th November 2000.Discounted term: Three years.Discount: Up to 75 per cent of valuation 1.7 per cent, 76-90 per cent of valuation 1.55 per cent, 91-95 per cent of valuation 1.4 per cent.Payable rate: Up to 75 per cent of valuation 5.79 per cent, 76-90 per cent of valuation 5.94 per cent, 91-95 per cent […]

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]


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