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Tep guide coincides with Budget planning

The Budget is an occasion which many people use to reassess their investments and provides an opportunity for IFAs to raise the benefits of investing in traded endowment policies with their clients, claims Policy Portfolio.

With Chancellor Gordon Brown making his Budget speech next week, the Tep specialist is offering a free guide to IFAs considering recommending Teps to their clients.

Policy Portfolio says Teps are an ideal investment for people who are looking for low-risk investment options but who would still like to see the potential for high returns.

The company says policies maturing in the last year have seen average annualised growth over 9 per cent and, by making use of capital gains tax allowances, many investors can obtain this return tax-free.

Managing director Brian Goldstein says: “The Budget always seems to jog people into contacting their IFA to reassess their investments. With a volatile stockmarkets making many investors nervous, IFAs looking for an alternative option for their clients&#39 money may wish to consider Teps as a product that provides a greater degree of safety and security than many other investment vehicles.”


Skandia first with reregistration

I read with interest that Fidelity is the second company to be offering IFAs reregistration facilities on its platform.I am not so sure it is second. Skandia has been offering reregistration facilities (on our MultiFund product) for the past three years. Surely Fidelity and Cofunds are fighting over the second and third spots?So, why have […]

Pru chief joins PAFS as chief actuary

The Pension Annuity Friendly Society has appointed Richard Willets as chief actuary.This is the second high-profile figure to join the society from Prudential Annuities, with Simon Whitehead made deputy chief executive in January.Willets was actuarial fin-ance manager at Pru Annuities where he spearheaded the launch of Pru&#39s impaired life annuity and bulk annuity business.PAFS, which […]

Belfast: IFA firm in money laundering investigation

Police in Northern Ireland are investigating Belfast-based IFA firm Northern Ireland Insurance Brokerage over allegations of money laundering involving offshore bonds in the Isle of Man.UK insurance companies, including Scottish Life International and Norwich Union, are helping with the investigation. The FSA says it is working with the police.A spokesman for the Police Service of […]

Halifax – Halifax ISA Saver

Tuesday, April 9, 2002Type: Cash and Tessa only IsaAim: GrowthMinimum investment: Lump sum £3,000Maximum investment: £12,000Catmarked: NoInterest rate: Year one 4.75% gross, year two 5%, year three 5.45%,year four 5.55%, year five 5.6%Charges: NoneWithdrawal penalty: 180 days’ interest on amountwithdrawnCommission: NoneTel: 08457 263646

How QE is distorting the gilt market

By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]


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