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Standard Life Sipp&#39s in

Summing up, Boylan says: "Where there is a case for

drawdown with smaller funds, they will have to go elsewhere. Large

funds will probably go to specialist administrators and pay the fees

directly. This is a good offering for the £100,000 to £500,000 type of

fund. Again, I should like to see discretionary portfolios on offer

combined with a lifestyle option."


Norwich Union slashes with-profits payouts

Norwich Union is to slash payouts for with-profits by 5 per cent because of current market conditions. It will also cut reversionary bonuses by 0.5 per cent. The cuts will take effect from August 1. It says the stockmarket decreases of 25 per cent this year have seen the returns on its with-profits funds fall […]

Aegon issues profit warning

The downturn in world stockmarkets has prompted Dutch insurance giant Aegon to issue a warning that its profits will be 30-35 per cent lower than last year.Aegon, parent of Scottish Equitable, said it would have been on course to at least equal last year&#39s £1,53bn profits but for current stockmarket volatility.Aegon&#39s results will be published […]

Second issue of National Savings equity bond

National Savings and Investments is offering a second issue of its guaranteed equity bond following the success of the first issue in March.The five-year bond allows investors to gain from growth in the FTSE 100 index while offering 100 per cent capital security on investments of between £2,000 and £1m – or £2m for joint […]

ABI deputy chair appointed to FSCS board

The Financial Services Compensation Scheme has announced it is appointed two new non-executive directors to its board. Bernard Day and Tim Vogel join the compensation scheme for terms ranging between two and four years.Day counts amongst his several non-executive positions deputy chairman of the ABI, chairman of the General Insurance Council and director of the […]

Neptune’s Burnett looks beyond Greece

Watch Rob Burnett, manager of the Neptune European Opportunities Fund, discuss the Greek bailout deal and its potential implications for European equities. In the video Rob discusses: Why, with the Greek crisis receding, markets can now focus on Europe’s strong fundamentals The resilience of European markets and why the recovery is on a solid footing […]


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