View more on these topics

Website sells stakeholder for children

Punter Southall Financial Management has designed a website for parents who want to start their children&#39s pension planning by setting up a stakeholder scheme.

The IFA arm of consulting actuary Punter Southall & Co claims that (right) is the first site dedicated exclusively to setting up third-party stakeholder plans.

PSFM says that people visiting can begin saving for their children and grandchildren from the moment they are born. It claims the website covers everything that a user needs to know about third-party stakeholder contributions, from general advice on pensions to ready-to-use application forms.

As an independent adviser, PSFM says it has trawled the market on behalf of its clients and identified Scottish Equitable as the most appropriate product for this type of stakeholder pension.

Consultant Richard Meek says: “There has been a significant take-up of our third-party stakeholder contribution scheme since its launch in June. Clients have been greatly attracted by the tax breaks on offer and the prospect of kickstarting a child&#39s retirement savings.

“The simple user-friendly layout of is designed to make investing in this type of scheme much less complicated.”


Autif&#39s McMeehan slams &#39short-termist&#39 pension fund strategies

Pension trustees and fund managers are becoming “short-sighted, short-termist and lacking in vision” and will continue to move towards less volatile investments, according to Autif director of communications Anne McMeehan.The increasing frequency of reviews of investment strategy of pension funds means individual managers will want to be sure of some positive returns over shorter periods […]

LUTM slash initial charge on corporate bond

Lincoln Unit Trust Managers has permanently reduced the initial charge on its Corporate Bond from 5 per cent to 3 per cent. The move will increase the income yield to 6.41 per cent from 6.31 per cent and the gross redemption yield to 5.31 per cent from 5.10 per cent.LUTM operations director Helen Turner says: […]

Baillie Gifford raises bond platform

Baillie Gifford is adding to its range of fixed-interest funds with the introduction of its high yield bond fund.The objective of this Oeic is to achieve a high level of income and to minimise volatility by investing mainly in non-investment grade bonds. With an income yield of 10.80 per cent a quarter this fund is […]

FSA to plant more trees but unsure of worth

Decision trees will be brought in for other products as well as stakeholder but the FSA admits it may never know if they work, says FSA group manager Norman Digance.With the vast majority of stakeholder sales coming through the IFA channel, the FSA says it is difficult to know where trees have played a part.But […]

Rise of the machines

Head of Sustainable Investing at Royal London Asset Management, Mike Fox, looks at the case for including artificial intelligence within a sustainable investment strategy. Read the article in full here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm