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1% cap can sap financial strength

The main issue of company financial strength for consumer protection

is clouded by spin.

No profits, no reserves is particularly relevant today.

IFAs should consider their positions when recommending companies

offering 1 per cent capped products. The flawed pension review

revealed that fairness, Government copout and retrospective rulings

are very real.

Companies offering 1 per cent a year capped products should carry

serious financial health warnings in any products offered, both for

consumers and financial advisers.

If still relevant, the remaining,1 per cent issues can then be addressed.

David Humble



Confusion in the Caribbean

•”Today is officially the first day of sunbathing under naturalconditions.” – Mainland PR Kat Milne on cancelling her solariumsubscription.Imagine how tough it is. There you are working on your tan andsipping cocktails in your Caribbean tropical island paradise.Then some pesky journalists call to ask you questions about your(ailing) business back home in windswept Blightie. Who […]

Cinderella syndrome

For many years, we have referred to income protection as theCinderella product. Although the need that it meets is obvious, ithas never really been very successful.It has often lost out to critical-illness cover, even though the twoproducts are complementary. But Cinderella will not go to the ballunless we overcome some of the perceptions that some […]

Standard seeking solvency waiver

Standard Life is to ask the FSA for a solvency waiver but says thisis in line with other companies and not because it is close tobreaching solvency margins.The company has already been granted a waiver from the regulator touse future profits in its accounts, due to be published in March.Standard is still firefighting following widespread […]

Striking resemblance

Is that M2 managing director Mark Howard or the evil propertydeveloper trying to get his filthy hands on Warbury Warriors&#39 stadiumto turn it into a supermarket? The Diary hopes Howard&#39s businessmethods don&#39t have much in common with the character in The Sun&#39sStriker cartoon strip.We have never seen them both in the same room.o Help the […]

To be and not to be – Multi asset investing with conviction

At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]


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