Scottish Equitable

Aegon's corporate and individual business brands will carry the Aegon name in addition to their existing names from today.

Mike Douglas has taken up a new role at Scottish Equitable as managing director of its annuities operation.

Pension officials say current government proposals for pension personal accounts auto-enrolment are likely to increase administration costs but still will not reach the main target market.

INCREASED pension activity and a solid start to annuity business helped Aegon UK produce record first-half sales, reports the Scotsman.

While the government does its best to decide whether it is ‘naïve or misleading', as suggested in the Public Administration Select Committee's report, the question outstanding is how will this affect personal accounts?

Some life offices are attempting to provide clients with a way of 'having their cake and eating it' when it comes to taking tax-free cash.

Providers have hit back at claims many intermediaries are not considering pension term assurance (PTA) as an option for their clients.

A misunderstanding of the way tax free cash can be taken from a pension could cost customers a tax charge of up to 70%.

HM Revenue and Customs seems to be allowing pension scheme administrators to use their own judgement when applying certain tax charges.

Scottish Equitable is extending its product range with the launch of a Group Self-Invested Personal Pension (Sipp).