Scottish Widows has been appointed to provide an AVC scheme for the West Yorkshire local authority's pension fund. It will administer the plan alongside Equitable Life, which was previously the scheme's sole provider. The pension fund is valued at £5bn and has around 80,000 contributors working for more than 135 employers within the local authority. Widows recently took on AVC schemes for Nottinghamshire County Council and South Yorkshire Pensions Authority.
The Government Actuary says income protection insurance may need to be compulsory as a result of stakeholder.Speaking at a Unum-sponsored symposium on disability in London last week, Gov- ernment Actuary Chris Day-kin claimed many employers will no longer provide staff with protection for long-term illness or disability, leaving the Government to fill the gap with […]
Framlington has introduced the UK smaller companies fund, a unit trust that aims to provide capital growth.The fund invests in a portfolio of between 80 and 100 stocks in the UK smaller companies sector. Although technology stocks will be considered, other stocks from other sectors such as aerospace and the media will also be selected.The […]
Thursday, 29th March 2001.Capped term: Until July 1, 2002.Capped rate: 7.55 per cent.Minimum loan: £25,001.Maximum loan: Up to 90 per cent of valuation subject to a maximum of £500,000.Income multiples: 3.5 times principal income plus second or 2.75 times joint.Arrangement fee: £395.Redemption fee: 6 per cent of initial loan in years one and two, 5 […]
How will today's mortgage sourcing systems evolve in the coming years? This question affects over 50 per cent of IFAs, since more than half use a mortgage sourcing system.I assume that the other half are not involved in writing mortgage business. I say this because I believe it is impossible to offer a client the […]
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, discusses how the firm adapts to changing market conditions, focusing on their drawdown strategy.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]