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Abbey offers ideas for A-Day plans

Abbey for Intermediaries has put together a pension simplification pack for IFAs for use in the run up to A-Day.

The pack highlights how some of the new rules could hit clients and points to pension planning opportunities for IFAs that will come from the new rules.

It contains a guide to maximising business opportunities, including sample approach letters to use with existing and new clients.

It also provides IFAs with a guide to the proposed simplification of the pension tax rules, along with case studies highlighting two issues – securing tax-free cash against A-Day changes and allowing phased retirement after A-Day.

Abbey believes Scottish Mutual&#39s clustered buyout transfer plan provides a solution to many of these issues.

Head of pensions and retirement Mike Brown says:”A-Day has been delayed one year to April 6 2006 but this does not mean IFAs should wait until nearer the time to prepare clients for A-Day.

“There are lots of opportunities for IFAs to act on now, which is why we have put together this pack full of support material to help IFAs make sure their clients are well prepared for and not disadvantaged by A-Day.”


McFall names 21 splits&#39 firms

Treasury Select Committee chairman John McFall has named 21 firms he believes are involved in the splits&#39 debacle. Speaking at a committee meeting last week, McFall said he believes it is important any information about the inquiry is put in the public domain and he gave a list of 21 firms he believes are involved. […]

Whitechurch Investment Services placed in liquidation

IFA Whitechurch Investment Services Limited is to be placed in voluntary liquidation as of July 9. The company made the announcement today, while stating that Whitechurch Securities and The Whitechurch Network will continue to trade. BDO Stoy Hayward LLP has been appointed to advise the directors of the company.

Recipe for disaster was on the menu 10 years ago

It is a matter for amazement, bewilderment and anger that the FSA is caught unawares over and over again by the foreseeable outcomes of its own policies – outcomes which were predicted by many IFAs years ago. An excellent example is Brian Cochrane&#39s Independent View article which was published in Money Marketing 10 years ago, […]

92 jobs to go in Royal London restructure

Royal London is making 92 staff redundant at its Wilmslow, Edinburgh and London offices as part of the restructure that sees its direct sale force close. Roughly two thirds of the job losses will be in Wilmslow with around a third in Edinburgh and a handful in London says the mutual. Royal London group chief […]

Derek Stuart: where to find value in the UK?

Derek discusses a number of Œself-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]


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