Personal Finance: Loose Change

AIG LIFE, the insurer, is launching a self-invested flexible personal pension which allows savers to decide where and how to invest their money. The scheme operates a level charge option. Call on 0117 971 1177 to ask an independent financial adviser for details.

JOHN CHARCOL, the mortgage broker, is offering a new range of flexible mortgages without redemption penalties. One option is a one-year fixed rate, pegged at 4.99 per cent. At the end of the fix, the rate reverts to 1.25 per cent above the London Inter Bank Lending Rate (Libor), currently 5 per cent. For details, call 0800 718191.

CHARTWELL INVESTMENT Management, fee-based independent financial advisers, have published a comprehensive 21-page Guide to Retirement Options, which includes details on different types of annuities and how they work. Call 01225 321700.

NORTHERN ROCK is increasing to 5.75 per cent its Save Direct Base Rate Tracker savings account, which is linked to base rate. It includes a bonus that has been increased by 0.25 per cent to 0.5 per cent and extended to February. Call 0845 6006767.

THE RETIREMENT Insurance Advisory Service (RIAS) has joined forces with Europ Assistance to offer a motor breakdown service for people aged over 50. Three levels of service are available, including a low-cost option at pounds 33 a year. Call 0800 552100.