View more on these topics

Winterthur opens its pensions

Fund links: Winterthur Schroder managed, Winterthur Deutsche managed, Winterthur Baillie Gifford managed, Winterthur Gerrard pooled pension, Winterthur BGI consensus managed, Winterthur elite cautious managed, Winterthur elite balanced managed, Winterthur elite stockmarket managed, Winterthur Schroder equity, Winterthur Jupiter income, Winterthur Perpetual high income, Winterthur BGI all share tracker, Winterthur Exeter capital growth, Winterthur ABN AMRO UK growth, Winterthur Credit Suisse income, Winterthur Newton income, Winterthur BGI ex multinational index, Winterthur Gartmore UK smaller companies, Winterthur Invesco GT European growth, Winterthur Gartmore European selected ops, Winterthur Credit Suisse transatlantic, Winterthur Fidelity American, Winterthur Credit Suisse Orient, Winterthur Fidelity South East Asia, Winterthur Baillie Gifford Japanese, Winterthur protector, Winterthur Deutsche all weather equity, Winterthur Deutsche annuity conversion, Winterthur fixed interest, Winterthur index linked, Winterthur BGI over 15 year UK gilt, Winterthur Gartmore global bonds, Winterthur BGI global equity 70/30, Winterthur BGI global equity 60/40, Winterthur international, Winterthur Newton international growth, Winterthur BGI multinational index, Winterthur Credit Suisse fellowship, Winterthur Aberdeen technology, Winterthur Close FTSE techMARk, Winterthur Sarasin equisar, unitised with-profits, Winterthur Exeter zero preference, Winterthur deposit.



Charges: Annual 0.4-1 per cent.

Allocation rates: 100 per cent.

Minimum term: One day.

Options: None.

Commission: Subject to negotiation.

Tel: 01256 798542.

Broker Panel:-

Gary Mandell – Partner, Charter Mandell

John Holian – Certified financial planner, Maunby Investment Management

Barry Laymond – Senior practitioner, Barry Laymond Financial Services

Brian Duchart – Director, Donington Independent

Broker Ratings:-

Options: 7.3

Flexibility: 7.5

Company&#39s reputation: 6.0

Past performance: 6.8

Charges: 3.3

Commission: 3.0

Product literature: 6.3

Winterthur&#39s open pensions is a cafeteria-style group pension product offering group stakeholder, group money purchase and a group personal pension.

Looking at how the plan fits into the market, Duchart says: “It is a comprehensive range of simply structured pensions.”

Laymond feels that it is just another entrant in what will soon be a crowded market place.

Holian says: “It would suit the adviser dealing with a total re-organisation of a company&#39s pension arrangements. One company could deal with all aspects of a re-organisation including bulk buy-outs. This should ease administration and keep advisory costs down for the client.”

Mandell focuses on the stakeholder aspect: “The bandwagon continues, given that all stakeholders are (nearly) the same, investment performance and administration are the only variables. The fund links take care of the first, the latter is the crux.”

Turning to the type of company that the plan is suitable for, both Laymond and Mandell feel that it would suit any company with five or more employees.

Duchart says: “Any restructuring of existing arrangements or setting up new group personal pensions or stakeholders. Given the choice, most company&#39s don&#39t want to pay a fee.”

Holian says: “Most companies large and small would be able to use it. However, many companies may prefer a plan with less options and a household name such as Legal & General.”

Casting an eye over the marketing opportunities provided by the plan, Holian says: “The plan itself does not provide any special opportunities.”

Laymond and Mandell feel that the plan will not offer any more opportunities than the existing market.

Duchart says: “It can be used for most circumstances regarding existing scheme re-structure or new arrangements.”

Recommended

Policies&#39 probe may name and shame big life offices

Several major life companies could face public naming and shaming by theFSA if they are found to be at fault in the mortgage endowment review. It could lead to a number of leading life offices being forced by theregulator to conduct a full-scale review of all their endowment policies ina move reminiscent of the pension […]

Premier zeros in on growth

Premier Portfolio Managers has introduced the Premier zero preference fund, an open-ended investment company (OEIC).The Oeic is aimed at investors who are looking for capital growth by investing in low risk securities. It will also appeal to those investors looking to defer their capital gains tax allowance.Premier’s Oeic will invest in the zero dividend preference […]

ABN Amro – Behavioural Finance Japan Fund

Friday, 1 June 2001.Type: Sicav.Aim: Growth by investing in listed Japanese equities. Minimum investment: JPY 50,000.Place of registration: Luxemburg.Investment split: Consumer discretionary 18 per cent, utilities 17.6 per cent, materials 4 per cent, liquid 0.6 per cent, industrials 12.6 per cent, health care 6.8 per cent, financials 27.7 per cent, energy 1 per cent, consumer […]

Platform helps credit impaired find their feet

Specialist adverse credit lender Platform Home Loans has brought in the fixed rate mortgage.Platform is aiming the mortgage at borrowers who have had trouble obtaining mortgages in the past because of a history of adverse credit or because of county court judgements (CCJs) made against them.The mortgage has a fixed rate of 7.49 per cent […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com