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£4m drive for stakeholder suite

The Government is investing £4m in marketing its stakeholder suite of financial products to consumers.

The new range of low-cost, risk-controlled savings and investment products can be sold through a basic advice regime from April.

The suite includes a deposit account and medium-term investment product which are both available within an Isa, the child trust fund and revised stakeholder pension.

Egg director Martin Fox says: “This is not a lot if you want to change the world. It is a tiny amount.”

Which? principal policy adviser Mick McAteer says: “It is good to see the Government put its money where its mouth is but this is a drop in the ocean and falls short of the radical solutions needed to address the problem of people not saving enough for retirement.”

Dennehy Wheeler & Co managing director Brian Dennehy says: “The Government getting involved makes my head spin. The public rarely pays attention anyway. Take the whole Pep/Isa situation. They are adding unnecessary complexities, putting off the type of people they should be encouraging to save.”


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Amex has signed up three more fund groups to its wrap service, following the addition of Fidelity in February. Cazenove, Credit Suisse and Franklin Templeton have joined the platform, which was launched in March 2004. The three fund groups bring different areas of specialisation to the wrap platform. Amex head of adviser services Jamesheed Poncha […]

Farrow’s view

Imagine if Madam Tussauds had a gallery dedicated to fund management. Which canny investors would make the podium?

Evan Owen

The chief of the IFA Defence Union says terrorists have more rights than IFAs bec-ause of the Financial Services and Markets Act and he wants it overhauled but, while committed to fighting the IFA corner, he is also quick to ack-nowledge that those who flout the rules are indefensible.


Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.


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