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Stakeholder to take personal pensions market by storm

Stakeholder pensions are to take the personal pension market by storm, sweeping all before them according to research by KPMG Consulting.

KPMG conducted extensive research and used a specifically designed market model to make some shattering predictions.

The research and modelling suggests there is likely to be a 40 per cent reduction in the sales of new regular premium personal pension plans.

It also predicts more than 60 per cent of existing regular premium PPPs could benefit from switching to a stakeholder scheme

The financial consultants forecast a dramatic future lies ahead as the industry seeks to accommodate the needs of customers, regulators, government and providers.


Abbey National launches flexible mortgage

Abbey National has launched a flexible mortgage aimed at its existing borrowers.The mortgage offers a variable interest rate of 6.3 per cent which will also track the base rate.The flexible loan is only available to existing borrowers who have held their loan for three years or more, have a mortgage in excess of £40,000 and […]

BFS Investments launches investment trust Isa

BFS Investments has launched an Isa specialising in investment trusts especially the split capital variety.The Isa provides a number of investment opportunities.It can provide an investment wrapper for shares of four split capital funds managed by BFS. These are the Geared Income Investment Trust, BFS Income & Growth, BFS Overseas Income & Growth and BFS […]

Higginbotham to leave the Pru

Prudential&#39s business development director for collective investments, Robert Higginbotham has announced he is to leave the Pru at the end of the month.He has been at Prudential for nearly nine years was responsible for the success of the Prudence Bond in its first six years.Higginbotham was a founder member of the Association of British Insurers […]


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