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1% cap fears over new plans – Friends Provident

Friends Provident supports Sandler&#39s proposals to introduce a set of simple regulated products but says experience of stakeholder pensions suggests that a 1 per cent cap may restrict the take-up of new stakeholder products.

It stresses that consideration should be given to the effect these proposals may have on the availability of independent advice in the future and welcome Sandler&#39s recognition that fees based on product sales are important in not discouraging consumers from seeking advice.

It endorses a reduction in sales regulation in light of the proposed introduction of product regulation.

Managing director Ben Gunn says: “We applaud the proposals for simplification and improved clarity.”


Property boom set to continue

The property boom looks set to continue, with the majority of buyers believing any rise in interest rates will be merely a temporary blip and will not temper the market, according to Yorkshire Bank.Its latest housebuyer survey reveals that almost two-thirds of homeowners believe the value of their property will rise in the next year, […]

Liable for loss

The whole point of having professional indemnity insurance is to cover against advice-based risks. The policies require claims to be “notified” in the relevant policy year.The biggest test to the whole pension review debacle has yet to be applied. The simple fact is that having investigated the way in which networks handled pension review leads […]

&#39Pensions Act to stop another Maxwell&#39

Scrapping all pension legislation and replacing it with a single simplified Pensions Act will reduce the chance of the industry being hit by another Maxwell-type scandal, according to Pickering.Calling for a proportionate regulatory framework, Pickering indicated that he sees today&#39s procedures for regulating pensions as too expensive to adviser, providers and ultimately consumers.Pickering says he […]

Gartmore – Gartmore SICAV European Corporate Bond Fund

Wednesday, July 17, 2002Type: SicavAim: Growth by investing in high-grade European corporatebondsMinimum investment: Lump sum £2,500Place of registration: LuxemburgInvestment split: 100% in high-grade European corporate bondsIsa link: NoCharges: Initial 3%, annual 1%Commission: NoneTel: 0800 212433

How can I help develop my professional connections?

Graeme Ballantyne, business consultancy manager, looks at how you can maximise the opportunities through your professional connections As we move through the summer months it’s perhaps a good time to pause and reflect on whether the plans you’ve made for your business are bearing fruit. One area we at PruConsulting know many advisers have been […]


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