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With-profits name could go for Sandler product

The Treasury has confirmed the with-profits element of the Sandler suite will have four additional product features as outlined in the Sandler report published in the summer.

They will have a fund structure of 100/0, explicit management charging, a separate smoothing account and full consumer disclosure in order to cut down on what the Government calls the “opaque nature” of with-profits.

Much of the terminology may change as the Treasury paper on Sandler published today says much of the terms used in today&#39s with-profits, including the name itself can be misleading to consumers.


Bank of England cuts interest rates by 0.25 per cent to 3.75 per cent

The Bank of England&#39s Monetary Policy Committee today voted to cut the Bank base rate by 0.25 per cent to 3.75 per cent from 4 per cent.This the first change in the rate following a status quo of 14 months. The MPC says it reviewed monetary and economic developments in the light of its latest […]

TrustNet white labels internet tool

UK fund information specialist TrustNet is launching a white-label version of its internet tool to provide IFAs with an own-brand in-house research capability. IFAs will be able to use TrustNetPro – comprising standard daily price and performance databases on pension, life and investment funds – in the form of an in-house tool, a client-facing website […]

Liverpool Vic cuts payouts

Liverpool Victoria is reducing with-profits payouts by between 13 and 18 per cent due to continuing difficulties in the equity markets. Reversionary bonuses are cut from 4.5 to 3.85 per cent for conventional with-profits and from 4.5 to 2.25 per cent on its unitised with-profits bond. The mutual says the payout on a £50 a […]

Split-cap charity to help investors

The AITC is setting up a charitable foundation it hopes will raise millions of pounds to provide financial support to victims of the split-capital investment trust fiasco. Announced by director general Daniel Godfrey at the AITC conference for directors in London this week, the foundation is seeking to establish a hardship fund for investors who […]

When is £1m not £1m?

Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]


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