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Abacus looks at wrap

Financial services consultants Abacus is part of a group preparing to launch a new venture that it believes has the potential to put life companies out of the picture. The business model involves offering wrapper products direct to investors without involving providers in the distribution model and without the costly IT overheads of the traditional range of products. The new firm is expecting to announce in four weeks time. It has confirmed to Money Marketing the core management will be former UK Skandia Life founder Paul Bradshaw, Abacus partners Philip Martin and David Ferguson, and ex-Perpetual exec Mary-Anne MacIntyre.

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Cheviot Capital rolls out first unit trust

Stockbroker Cheviot Capital has introduced a unit trust for the IFA market to be run along the same lines as its discretionary and advisory portfolio management services. Cheviot Capital was established in 1993 as the investment arm of chartered accountants Kingston Smith. It currently runs a discretionary portfolio service and an advisory portfolio service, which […]

Kingsbridge set to sell its last two IFA firms

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SEI adds bond to corporate range

Scottish Equitable International is targeting IFAs advising the corporate market with the capital redemption bond. The bond is the latest in a series of Dublin-based products from ScotEq International since August 2002. SEI says the bond structure makes it popular with corporate investors because, with no lives assured, there is no compulsion to take benefits […]

DB transfers – one more factor to consider

Jim Grant – Senior Product Insight & Technical Support Analyst We look at how higher DB transfer values could cause a lifetime allowance issue and how that affects the advice process. Advisers are receiving an increasing number of requests from clients looking to transfer their pension from final salary schemes to personal pensions. This is a […]

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