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Watson Wyatt tells Government to ensure stakeholder does not damage existing schemes

Consultants Watson Wyatt has told the Government that the ongoing stakeholder consultation should ensure that no damage is done to existing occupational schemes.


Its submission also calls for a rationalisation of the regulatory framework and for the introduction of the state second pension in one step, not in two stages as currently planned.

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Royal & SunAlliance recommends new financial year resolutions

Royal & SunAlliance is suggesting three new financial year resolutions to help individuals to improve their health and wealth.The life office reckons by following these resolutions, it will lead to savings on life assurance premiums and better health. Quitting a 20-a-day smoking habit will save around £1,400 a year, a reduction of daily alcohol intake […]

Sales of Peps soar in February

Pep sales soared in February with a 63 per cent increase on the previous year, according to the latest Association of Unit Trusts and Investment Funds monthly survey.The month on month rise in retail Pep sales was 106 per cent, 52 per cent higher than the previous February.Funds under management in unit trusts and Peps […]

CGU reveals Prestige Isa range

CGU Financial Management has revealed its range of &#39Prestige&#39 Individual Savings Accounts.The range consists of a mini or maxi equity based Isa, a mini cash Isa and a cash component within a maxi.The equity Isa, offers a range of 17 funds including the Monthly Income Plus corporate bond fund.Cash-Isa invests in the CGU Deposit Fund […]

Axa Sun Life launches ISA range

Axa Sun Life has revealed its range of ISAs including the option to have no initial charge on its funds.The life office has divided its ISAs into an &#39A&#39 class range with up front charges and a &#39B&#39 class range with no up front charges.The &#39A&#39 class shares have an upfront charge of 3.5 per […]

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DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]

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