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Stakeholder threat to AVCs

Employees with occupational pensions will consider stakeholder schemes as an alternative to additional voluntary contributions, according to a survey by consulting actuaries Punter Southall & Co.

The survey showed 85 per cent of eligible employees will consider using stakeholder instead of AVCs. It also showed 75 per cent would qualify for stakeholder concurrency.

Punter Southall principal Steve Leake says: “Stakeholder concurrency may encroach into the AVC market as the attractive features of stakeholder pensions, such as the provision to provide part of the benefit as a tax-free lump sum, will make them a very competitive alternative to AVCs.”


&#39Banks will rule the life market if polarisation is scrapped&#39

High-street banks will control the distribution of life insurance products if polarisation is scrapped, leaving IFAs out in the cold, says a survey from consultancy Cap Gemini Ernst & Young. The company says the banks will dominate because of their large customer bases and their branch networks in a multi-tied regulatory regime. Smaller IFAs will […]

A consumer&#39s view

The report from the actuarial profession&#39s working party on transparency and with-profits, published in January, is, predictably, nothing more than a whitewash job. It recommends little that will restore confidence in the industry following the Equitable Life debacle. “It really means no change,” says an industry insider. “The recommendations to adopt a specific reporting model […]

PI or die as limit on negligence is axed

IFAs face the alarming prospect of being pursued to their grave over negligence claims following a Court of Appeal decision removing the time limit on claims, warns law firm Reynolds Porter Chamberlain. Lawyers at the City firm say the recent case of Cave v Robinson Jarvis & Rolfe, although unrelated to financial services, means there […]

Baring Asset Management – Leading Sector Fund

Tuesday, 27th February 2001.Type: Unit trust.Aim: Growth by investing in the financials, technology, healthcare, telecommunications and media sectors.Minimum investment: £2,500, $5,000, Euros 3,500.Investment split: Financials 33.6 per cent, technology 25 per cent, healthcare 20.9 per cent, telecommunications 13.9 per cent, media 6.6 per cent.Isa link: Yes.Pep transfers: No.Charges: Initial 5 per cent, annual 1.5 per […]

Why your clients need some tough love

In any relationship that matters, professional or personal, you should be upfront with someone if you think they’re making a decision or doing something they might later regret. Being honest with someone and having their best interests at heart, however hard the message, is key to building trust in any relationship. So how does this […]


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