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Widows applies for stakeholder registration

Scottish Widows has submitted its application for registration as a stakeholder pension scheme with the Pensions Scheme Office. It has also submitted an application for provider status to the FSA.

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Nationwide helping members go online

Nationwide is promoting its online banking service by offering members discounts on home PCs.Members can get 7 per cent off the price of a new PC from Dan Technology. If they buy the computer with a Nationwide credit card, they can also get six months&#39 interest-free credit. There is a further £20.64 discount on Dan&#39s […]

Autonomy floats on LSE

Shares in software firm Autonomy began trading this week on the London Stock Exchange at £32.76. The shares climbed to £34.90 valuing the company at over £4bn which could be enough to enter the FTSE 100 index if this level is sustained until the next adjustment is due in early December. Autonomy provides the software […]

Standard scraps GPP clawback as battle for IFAs intensifies

Standard Life is axing conventional clawback under its new mono-charging group personal pension contract.IFAs believe the move will be copied by other providers in the fight for the IFA channel.Under Standard&#39s recently announced single-charging structure, IFAs will only be stung by clawback of commission if the entire fund is transferred within the first three years.Traditionally, […]

Amvescap finally seals£1bn Perpetual deal

Amvescap, the US fund manager and owner of Invesco, has bought Perpetual for £1.05bn after almost six months of stop-start talks.The acquisition has had mixed reactions from IFAs, with some concerned that the deal will lead to an exodus of senior fund managers.The two companies have similar funds in 14 sectors, opening the door for […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.

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