UK: LIVERPOOL VICTORIA LAUNCH PENSION ANNUITY

Article Abstract:

Liverpool Victoria has launched a with profits pension annuity. It offers investors a guaranteed minimum income and yearly income adjustments with regular income payments. The basic commission is 1% of the annuity purchase price and the plan is invested in Liverpool Victoria's With Profits Fund.

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UK: INSURERS ANNOUNCE STAKEHOLDER PENSION PLANS

Article Abstract:

Royal & Sun Alliance (R&SA) and Scottish Amicable, life insurers, have announced their stakeholder pension plans. Both companies will offer a single charging structure, with flexible commission rates for brokers, subject to the level of advice offered. In December 2000 Scottish Amicable will offer a money purchase scheme. R&SA plans to launch a product with tiered charges.

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UK: STANDARD LIFE TO LAUNCH STAKEHOLDER WITH PROFITS

Article Abstract:

Standard Life announced that it is to launch the first stakeholder pension with profits fund onto the market. Details of the product are not yet available although it is believed that the charges on the product will come in at 0.6%, well below the 1% maximum. It is believed that Scottish Equitable are in discussion with the Department of Social Security and FSA over launching its own stakeholders pension with profits fund.

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