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&#39Uneconomical&#39 Sandler suite gets thumbs down

Three-quarters of IFAs are unlikely to sell the Sandler suite of products.

IFAs say Sandler products are uneconomical for them to sell. The results of the poll were collated before the Government&#39s announcement last week of a rise in the price cap from 1 to 1.5 per cent. The cap will revert back to 1 per cent after 10 years.

Ninety-five per cent of IFAs believe tax incentives are an important factor in getting the public to save, flying in the face of one of Sandler&#39s conclusions in his report that tax incentives do nothing to encourage saving.

Shropshire Independent Financial Services principal Rosemary Heaversedges says: “There is an incredible bias for fees in the South but if you are a provincial IFA, all you want is to encourage saving and have reasonable remuneration as a result.”


New system for IFAs from 1st Software

1st Software is launching a new version of its Adviser Office system that includes integrated services with Scottish Mutual, the Sipp Centre, Morgan Stanley Quilter and Cofunds. The Adviser Office : Intelligent Workflow system includes new tools to help standardise business processes and has financial planning functions using Tillinghast-Towers Perrin stochastic modelling techniques. 1st Software […]

Three-tier charges for NU and Millfield wrap

Millfield and Norwich Union&#39s Lifetime wrap platform is set for an autumn launch, offering a choice of 400 funds from across 40 fund managers. Lifetime will have a three-tier charge structure with a 0.5 to 0.9 per cent management charge plus an advice charge set by the adviser as well as the fund managers&#39 annual […]

Liverpool Vic cuts Mimi rates

Liverpool Victoria has cut guaranteed term, guaranteed combined term and critical-illness rates within its Mimi flexible protection plan. The average fall is 1.5 per cent. The changes are aimed at male and female non-smo-king customers in the 25-45 age bracket. A non-smoking 35-year-old, male or female, with a 15year term policy with £250,000 sum assured […]

Out of context

•”I have two areas of speciality, medical malpractice and fine wines, but never at the same time.” – Axa&#39s John Du Bois. •”I am standing on a terrace overlooking Lisbon and sipping a glass of wine. It is really stressful.” – Premier Mortgage Services head John Malone. •”He&#39s the man from Del Monte.” – Hargreaves […]

UK gilts: Shaken and stirred

Mike Riddell, fixed income portfolio manager at Allianz Global Investors, reviews the performance of the UK government bonds market post-Brexit and assesses its future prospects, as well as giving his outlook for global fixed income markets and yields movements. In addition, he provides a brief analysis of the impact of Brexit and the Bank of […]


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