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Standard Life launches into stakeholder market

Standard Life is launching two non-stakeholder friendly pensions in May, but says it will be putting a stakeholder pension on the market next April.

The new personal pension plan and the group personal pension will have a single 1 per cent charge rather than the bid-offer spread of its existing personal pension, moving towards stakeholder compliance. But their minimum contributions do not meet stakeholder requirements.

A Scottish Equitable spokesperson says: ” Standard Life have been very reticent to date. We believe that IFAs have a key role to play in the development of stakeholder pensions, and we have been very open about our plans to provide them.”


Stakeholder is forcing charges down, says research

Financial analyst the Research Department says anticipation of Stakeholder pensions is galvanising the pension industry into reducing charges. Group Personal Pension providers have started introducing schemes within Stakeholder&#39s 1 per cent maximum annual charge.TRD says this will greatly increase fund values in the early years of a fund&#39s set-up.TRD dot com Director Mark Hayes-Newington says: […]

Richard Harvey

Shareholders in CGU and Norwich Union have until March 31 to give thego-ahead to the creation of the UK&#39s biggest life office.The two insurers have launched a charm offensive to sway shareholderopinion in favour of the proposed deal.If they succeed, it will be the responsibility of mild-mannered churchwarden Richard Harvey to ease CGNU into the […]


Small businesses that invest in Information and Communication Technology equipment (computers, software and internet-enabled mobile phones) over the three years from 1 April 2000 will be able to claim 100% first year capital allowances, thereby getting immediate relief on the whole cost of their investment.

Leeds & Holbeck offers special rate

Building Society Leeds & Holbeck is offering a special rate to new Instant Isa customers who open accounts before April 5. The 7.2 per cent rate is guaranteed for the 2000/2001 tax year and is available with a minimum balance of £1. The society&#39s Isa sales tripled during March taking the number of members up […]


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