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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.

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TrustNet white labels internet tool

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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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