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Winterthur Life proposes stakeholder criteria for GPPs

Life office Winterthur proposes that the newly-permitted stakeholder GPP&#39s should meet a new set of criteria.

It says employer&#39s contributions should match employee contributions up to a defined limit, tax concessions should be linked to a cap on total charges and there should be minimum administration requirements.

The life office believes the GPP should adopt a structure similar to self-invested pension plan&#39s where the scheme is established under a master trust basis.

Director of sales and marketing John Moret says: &#34We would urge that consideration is given to our proposals for one tax regime for stakeholder based on the SIPP model which embraces the trust law based structure and governance.&#34


Cazenove to convert its unit trusts to Oeics

Cazenove Unit Trust Management is converting its range of unit trusts into an open ended investment company.The Cazenove Investment Fund Company will have 11 sub-funds, nine of which correspond to the existing unit trust range. Two additional funds, the International Bond fund and the Sterling Bond fund, will be launched to coincide with the introduction […]

National Savings receives thousands of inquiries about pensioners bond

National Savings says it has already received thousands of inquiries about its new two year pensioners guaranteed income bond.The bond goes on sale on 2 June.National Savings chief executive Peter Bureau says:”We are delighted to be able to offer savers more choice in the way they want to save.”


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