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Standard wins Consignia AVC business

Standard Life has secured new group AVC business from Consignia, formerly the Post Office, which it says could become its largest AVC account.

Standard Life will be an additional AVC provider to the Consignia pension plan final salary scheme, which is offered to all of Consignia&#39s 220,000 employees.

Standard Life marketing assistant general manager Simon Douglas says: “Our with-profits fund will give Consignia employees the opportunity to maximise the potential returns on their retirement savings whilst avoiding the sometimes dramatic instability of investing in the stockmarket.”


Two front-runners……

Two front-runners have emerged as potential buyers for personal finance digital TV station the Money Channel which went into administration in May, according to administrators Pricewaterhousecoopers.Pwc says the companies are in advanced discussions to buy the assets of the Money Channel, including technical content and intellectual property, but it says it cannot disclose any more […]

Online whitelabelling from Skandia

Skandia is to offer a new white-labelling facility for its multifund, multiPep and multiIsa supermarket. The service, to be launched next month, will allow IFAs to brand the Skandia platform under their own name, as well as to customise it to their own preferences. IFAs will also be able to allow their clients to enter […]

Leeds & Holbeck alters base rate tracker

Leeds & Holbeck has revamped its base rate tracker mortgage to take advantage of the recent fall in interest rates.The tracker mortgage will match the Bank of England base rate for the first three years of the loan until November 1, 2004. Until May 1, 2002 the mortgage will have a discount of 0.5 per […]

Scottish Amicable to ditch initial commission

Scottish Amicable is ditching initial commisssion on all new regular premium pensions business saying the practice is no longer sustainable.Initial commission will be phased out across its pensions product range over the next two to three months. Initial plus renewal and indemnified commission levels will also be affected. Renewal commission on its own will not […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]


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