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Widows still open for trust business

Scottish Widows says it remains open to new trust business, including its discounted gift trust but has produced additional guidance notes to accompany its trust material. It stresses advisers should ensure clients fully understand the implications of changes to taxation of trusts before making recommendations.

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Partnership Home Loans live on Exweb’s equity release service

Partnership Home Loans has become the 15th provider to join The Exchange’s online equity release quotation service on its Exweb portal.The provider is a sister company of Partnership Assurance offering a medically written impaired-life equity release plan.Partnership Home loans chief financial officer Steve Groves says: “We anticipate our new product having a significant positive impact […]

Burn-Anderson multi-tie flops but profits soar

Burns-Anderson has posted a 500 per cent increase in profits but says take-up of its new multi-tie proposition has been negligible. The Bristolnetwork says it made a profit of 325,714 in 2005, up from 52,854 the previous year. Chief executive Mike Hughes says the company will now begin to concentrate on developing its wrap proposition […]

Special sits’ size restricts stockpicking

The sheer size of Fidelity’s 6.5bn special situations fund makes fund manager Anthony Bolton feel restricted in his stockpicking by and he says he is constantly pushing against the 20 per cent limit on overseas stocks. Investment Management Association guidelines stipulate that 80 per cent of a fund’s investment allocation needs to be within its […]

Altmann questions cash claim for assistance scheme

Independent pension consultant Ros Altmann claims the announcement of extra funding for the Financial Assistance Scheme is misleading. Work and Pensions Secretary John Hutton announced the extension of eligibility for the FAS in response to Parliamentary Ombudsman Ann Abraham’s damning report into Government maladministration of occupational pensions. Workers within 15 years of their scheme pension […]

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