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Standard Intl sets up first offshore bond

Standard Life International is offering its first offshore bond.

There is a choice of 46 funds from a range of companies. The bond is being marketed at clients looking either to move abroad, reduce IHT liabilities or seeking alternative pension provision. It will also be marketed alongside the firm’s discounted gift plan as an IHT planning tool. Minimum lump sum is 20,000 or 50,000 if you select the combined option with the discounted gift plan.

Standard is also releasing a corporate version of its bond,aimed at small and med- ium-sized firms.


Called to the bar

The Diary hears a shocking rumour that cannot possibly be true from Edinburgh where Scottish Widows is said to have become so embarrassed with the drinking exploits of its staff in Edinburgh that it is to open its own private bar to keep its marauding troops away from the public. The company has been granted […]

IFA accuses Bupa in critical claim clash

A Sheffield IFA has accused Bupa of using delaying tactics over a critical-illness claim by demanding that exceptional conditions were met. Mint Financial adviser Richard Blackshaw submitted a 119,000 cancer-related claim which took Bupa three months to settle after the ins- urer repeatedly challenged the medical evidence put forward. The IFA says Bupa verbally rejected […]

FundsNetwork appoints Nic Burton as head of insured propositions

FundsNetwork has appointed Nic Burton from Scottish Widows as head of insured propositions. At Scottish Widows Burton managed savings and investment products for the UK IFA market, as well as structured and guaranteed products through the bancassurance channel at Lloyds TSB.Burton will have management responsibilty for the platform’s recently launched onshore bond, and planned offshore […]

NU gives pledge after payouts plummet

Norwich Union is introducing a protected guarantee for new investors in its with-profits fund in a bid to revive public confidence in the asset class. Some advisers, while welcoming the news, say it comes too late for existing policyhol- der who were hit with further bad news in last week’s bonus announcements. NU revealed that […]

Auto-enrolment: tips for employers

The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]


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