Wentworth Rose has negotiated special terms with GE Life to offer a structured investment product aimed specifically at Equitable Life policyholders looking to transfer out. The product provides a capital guarantee through buying a share in a Dublin based GE company within a Sipp wrapper in which life office has waived the charges. The IFA says the capital guarantee together with the potential of 80 per cent of equity growth is suitable for savers taking Equitable's 20 per cent MVA hit. Wentworth Rose stresses that Equitable policyholders are given full advice and this is the first of a number of products aimed at this market.
The Pickering report proposes that an employer should be allowed to make it a condition of employment that a new employee joins the pension scheme. It also notes that both the CBI and TUC have indicated support for such change. This is powerful backing.The proposal depends on immediate vesting and extension of concurrency above £30,000 […]
In the current economic climate, policyholders and financial advisers are understandably concerned about the future viability of life insurance companies. Since insurers' FSA returns for 2001 were made publicly available, many press articles have championed free-asset ratios as indicators of financial strength.However, in an issues paper on regulatory reporting published by the FSA last November […]
Scottish Mutual has introduced the fourth issue of its income and growth plan, a guaranteed equity bond that is linked to the Eurostoxx 50 index through a Dublin-based company called Quaich Investments 8.The plan has two options. The balanced income and growth option offers annual income of 8 per cent, quarterly income at 1.9 per […]
The Consumers' Association is calling for a non-political body to be set up, responsible for pension policy in the UK, citing failure by the Government to address the growing pension crisis.CA senior policy adviser Mick McAteer issued the call for a new body which would depoliticise pensions at the Liberal Democrat Conference in Brigh- ton […]
In the run-up to the Budget, there was some concern that the chancellor might ‘call time’ on the use of salary sacrifice in employee benefits provision.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]
It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]
The FCA has confirmed it will consider if there needs to be better guidance around when it and the Financial Ombudsman Service can share information ahead of the FOS making its final decision. In a Complaints Commissioner final report, published on its website yesterday, commissioner Antony Townsend invited the FCA and FOS to discuss when […]