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Virgin Direct pension sales up

Virgin Direct pension sales for April were up 152 per cent on the same period last year. Nearly 10 per cent of its stakeholder sales were for children and 31 per cent were taken out by savers in their 20s. A fifth of sales came through the internet and the average direct debit contribution in to a stakeholder was £118.

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Aberdeen offers corporate bond discount

Aberdeen Unit Trust Managers is offering a 0.5 per cent discount on its range of corporate bond Isas until July 16. The funds include the Aberdeen Sterling Bond, Aberdeen High Yield Bond and Aberdeen Fixed Interest Unit Trusts.Aberdeen head of fixed interest Paul Reed says: “Falling short-term interest rates, benign inflation and the growing expectation […]

NU finds key to stake ads

Norwich Union is launching a £7m TV, poster and press advertising campaign to promote its range of stakeholder pensions. It is one of a handful of players advertising stakeholder and says the campaign shows its commitment to become a market leader. Press ads, focusing on the need for employers to set up schemes before the […]

Putnam hooks up to health

Putnam Investments is tapping into the world of medicine with the introduction of the Putnam health sciences equity fund.Designed for growth, the fund is a Dublin-based open-ended investment company (Oeic) that is targeted at experienced investors who are looking for a fund to add to an existing portfolio.The fund will mirror the existing US based […]

HMRC helping to remove artificial gains

An investment bond offers investors certain tax advantages, one of which is the ability to take partial surrenders from the investment. This facility allows the policyholder to withdraw amounts up to 5% of the amount invested each policy year on a tax deferred basis, without incurring any immediate tax liability. This tax deferred allowance can […]

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