UK: WIDE GAP IN STAKEHOLDER PENSION CHARGES
Article Abstract:
Negotiations by unions and other affinity groups over the terms of stakeholder pensions could result in a wide variation in the charges associated with the schemes. A rate of 0.65% per year is being offered by Legal & General (L&G) for a stakeholder pension for members of the Computer Services & Software Association, while a rate of 1% has been agreed for members of the Public Relations Consultants Association. L&G attributes the difference to the size of a company and the number of employees likely to take part in the scheme, while Prudential says differences also stem from the difficulty of making profits in certain areas of the market.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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New pension plans in a tangle
Article Abstract:
The UK government may be prevented from allocating 'kitemarks' to cheap pensions by the European Union's Third Life Directive, under which insurance companies are prevented from offering products that are pre-approved by the government or kitemarked. Life insurers also believe that this legislation could prevent the government from reducing the cost of regulating Individual Savings Accounts by using a kitemarking scheme. Autif, the trade body for the unit trust industry, has also expressed opposition to kitemarks.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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UK: PENSION FUNDS ENJOY GOOD YEAR
Article Abstract:
Figures released by CAPS Pension Fund Review, reveal that for the year ending 31 March 2000, UK pension funds achieved a 13.5% return. The performance was helped by an increased equity weighting and a reduction in cash and bonds.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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