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Standard Life launches single charge pension strategy

Standard Life is launching new single charge occupational pensions while converting a range of five existing pension products to single charge.

The changes are effective from February 2002 and effect occupational money purchase, group AVC, executive and small self administered pensions.

In the package of changes will be a reduction in the guaranteed unit growth rate to 0 per cent from 4 per cent for future contributions to the with profits fund.

Graham Storrie, Assistant General Manager of Marketing at Standard Life said of these changes: "This is extremely good news for over 200,000 customers. In the low cost environment in which we are now operating, it is important to ensure that we remain competitive while continuing to offer our customers excellent value for money.”


Equitable chief wants Treasury to speed FSA review

Equitable Life chairman Vanni Treves has called on the Treasury to speed up the publication of the FSA&#39s internal review of its handling of the Equitable affair. Speaking at the launch of Equitable&#39s compromise deal last week, Treves said he “hoped it would not be too long” before the outcome of the FSA review was […]

Young footballers back cancer campaign

Gerrard has teamed up with the English Schools Football Association and charity The Garland Appeal to raise awareness of testicular cancer.ESFA&#39s Check Your Kit campaign plans to send leaflets and posters to more than 14,000 secondary schools across the country, stressing the importance of checking regularly for testicular cancer.It is being fronted by Millwall striker […]

Cavanagh Group floats on Aim

IFA Cavanagh Group has floated on the alternative investment market with a market capitalisation of £15m.The south east based firm set-up in 1996 targets City based professional and corporate clients and increased its turnover to £1,207,000 in 2000 from £393,000 in 1998.It has for executive directors, 20 consultants and 20 support personnel and plans to […]

Independent view – Tom Kean

The ability to embrace change seems to be a prerequisite for success in business these days. Perhaps that has always been the case but now it seems more pronounced.IFAs who have read the Sandler review document on mediumand long-term savings will recognise the agenda for change set by the Treasury.You do not have to be […]


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