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Standard Life Investments sees retail business up 115 per cent

Standard Life Investment increased its new retail investment business by a record 115 per cent in 1998.

It took more than £50m of new money in the first quarter after its launch in November 1998.

Its lump sum contributions increased by 131 per cent to £49m.

SLI chief executive Sandie Crombie says: &#34Based on these figures for the first quarter it is very clear the launch of SLI as a separate subsidiary has been very well received in the market.&#34


Brewin Dolphin hits at PIA over broker funds

Brewin Dolphin Asset Management is fighting the corner for broker funds.The stockbroker is hitting back after the PIA attacked broker funds for under performing.Divisional director Andrew Benson says: &#34It is unfortunate the PIA have tried to tar all broker funds with the same brush. All the broker pension funds run by Brewin Dolphin have outperformed […]

Mercer warns that state second pension will force redesign of company schemes

William M Mercer says that employers will have to redesign their company pension schemes if the Government&#39s state second pension scheme goes ahead.The pension consultant and IFA says the second scheme will deliver higher benefits to lower earners and force companies to revamp occupational schemes to make them more attractive.Senior consultant Harvie Brown says: &#34In […]


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