UK: STAKEHOLDER PENSIONS FORCING COSTS DOWN
Article Abstract:
The Personal Investment Authority's Disclosure report has revealed that commission levels will be forced lower. The personal pensions sector has become a low-margin, low-charging industry. A maximum 1% charge on stakeholder pensions has led to a dramatic reduction in personal pension charges. The effect of charges on the value of the product has been falling as a result of government clampdowns. Reductions in yields (RIY) have fallen across life and pensions sectors. There has also been an improvement on mortgage endowment.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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UK: PENSIONS COMPANIES OFFER STAKEHOLDER PRODUCTS
Article Abstract:
Scottish Equitable and Clerical Medical have stated that they are to offer stakeholder types of pensions. Scottish Equitable's pre-stakeholder scheme has a sliding charge and commission deals to match the amount of advice given. Clerical Medical's individual pension products, called FutureProof, will be available from the beginning of 2001 with a stakeholder alternative on offer from April, when stakeholder will be launched.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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UK: WITH PROFITS & STAKEHOLDER PENSION APPROVAL
Article Abstract:
The British government has approved plans to allow with profits funds to feature in stakeholder pensions, although they need to be accounted for individually, according to the Department of Social Security.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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