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ABI in Raising Standards push

The ABI has welcomed the Treasury&#39s willingness to consult on the 1 per cent cap revealed in its proposals for Sandler products.

It has also welcomed the decision to treat the existing stakeholder pension as part of the Sandler package rather than create two types of simple pension product.

The ABI says the Treasury proposals open the door to a realistic partnership between Government and the savings industry to opening up saving.

ABI head of life and pensions Alan Woods says: “This document shows the Government is willing to listen. We are pleased they are opening up the question of price capping for debate and have agreed to commission independent research. A 1 per cent price cap would prevent these savings products reaching many people in the Government&#39s target group.”


Friends challenges firms to match one-day admin

Friends Provident is throwing down the gauntlet to pensioncompetitors, saying only those able to get paperwork out to clientswithin 24 hours can claim true end-to-end processing capability.The company says IFAs can tell if a product provider&#39s claim ofstraight-through processing is correct by being able to send policydocuments to members within a day of application.It says […]

&#39Usage is testament to AssureWeb&#39s challenging strategy&#39

Launched in 1998, the AssureWeb portal has come a long way in a shortspace of time. Acquired by Misys in August 2001 and with the purchaseof a 40 per cent stake of the business last year by FriendsProvident, Norwich Union, Scottish Widows, Clerical Medical andAegon, it is fair to conclude that our solid business infrastructurebodes […]

Open up income protection

A lack of consumer understanding of income protection can beattributed to several causes. Introduced in the 1950s, the producthas remained largely unchanged, possibly perceived as dull byconsumers, compared with investment or even pension products whichonce offered the potential for abundant returns.Likewise for IFAs, IP never offered the same rem-unerative incentiveas inv-estment products, which have always […]

Destini buys up fourth company

National IFA Destini has made a fourth buy which it says keeps it ontrack to become a top 15 IFA within two years.It latest acquisition is NorthEast-based firm Southwood which has five RIs.The company will join Graham Scott Financial Planning Consultants,Blackfriars and Private Medical Direct in the group, bringingDestini&#39s total RIs to 20.Destini says it […]


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