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A recipe for PI but menu is undercooked

I am reasonably optimistic for the IFA sector. I think they have been through the worst of it. Professional indemnity is still an unresolved issue but I believe it will be a short-term problem, with more mutual schemes springing up.

2004 will be an opportunity for IFAs who are really on the ball to voice their views. People will want to listen to them – including yours truly.

Depolarisation will shake down reasonably well but the FSA has struggled to get to grips with the menu system and extending it to all advisers could cause problems. My main worries centre on Sandler. I believe generic advice is crucial for consumers. But I am sceptical Sandler will get off the ground and I think the Treasury looks increasingly reluctant over 1 per cent.

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Honours for Axa boss Brydon and pension reviewer Pickering

Axa Investment Managers chairman Donald Brydon has received a CBE in the Queen&#39s New Year&#39s honours list.Brydon, 58, spent 22 years at Barclays and was chief executive of Axa Investment Managers from 1997 to 2002 before becoming chairman. He is also deputy chairman of the Financial Services Practitioner Panel.Prudential chairman and former Bank of England […]

Slower rates of change in protection market

With product changes and over 40 rate changes, the protection market during 2003 was volatile to say the least.In 2004, we expect further rate and product changes. Liverpool Victoria has recently announced a rate change for January but hopefully we will see less frequency and less volatility. The market should stabilise compared with 2003.The critical-illness […]

Net dividend

Last week, I started to look at the seasonal subject of how best to extract funds from a private company with minimum payment to the authorities. I have already looked at the criteria and formalities for payment, including the payment of interim dividends. This week, I would like to look at the more well-known financial […]

When will US rates rise?

By Felix Wintle, Investment Director & Head of US Equities The most recent communication from Federal Reserve chair Janet Yellen has put the market’s sights on September as the most likely month for the first rate rise. This is due to the stronger than expected economic data of late, particularly in employment and housing, which […]

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