AIG Life reduces trustee management fee

clock

AIG Life has cut the annual management charge on its trustee investment plan for new and existing in...

AIG Life has cut the annual management charge on its trustee investment plan for new and existing investors by 0.5%. The annual management charge on the Trustee Guaranteed stock market bond is being reduced to 1% from 1.5%. The product is targeted at trustees of company pension schemes, SSASs and Sipps. The standard allocation rate on the product is 101% for investments between £10,000 and £49,999 and 101.5% for investments of between £50,000 and £99,999. For investments of £100,000 and up, the allocation rate is 102%. Extra allocation is offered to those putting money in before 6 July....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •