View more on these topics

ABI welcomes polarisation announcement

The Association of British Insurers is welcoming the FSA&#39s plans to consult on a two-stage approach to developing policy on polarisation of investment advice.



ABI director general Mary Francis says: “The ABI has made clear that radical change to polarisation could put consumers at risk. We are therefore very pleased the issues are to be much more thoroughly explored before any decision is reached on that.



The ABI will contribute fully to all the consultation planned by the FSA. The proposals for changes to the rules on sales of “standardised” products will need to be carefully considered to ensure they do not cause confusion for customers about whether or not they are given independent advice.”

Recommended

Isa limit extended

Chancellor of the Exchequer Gordon Brown has announced the curremt £7,000 Isa limit will be extended for the next five years in his pre-budget report. The news will be welcomed by fund managers and IFAs, who had been lobbying for the continuation of the higher limit from the past year. It had previously been proposed […]

Boardroom reshuffle at Lincoln Financial Group

A BOARDROOM reshuffle at Lincoln Financial Group has seen former Finance Director, Michael Tallett Williams appointed Managing Director and Director of Distribution Phil Holstein returning to the USA to become Bank Channel Head of Lincoln subsidiary, Lincoln Financial Distributors. Former Managing Director, Bernard Brown who will remain chairman said: “Mr Tallett-Williams has a deep understanding […]

Woolwich – Open Plan 1.95 Per Cent Discount For 2 Years With £500 Cashback

Tuesday, 7th November 2000.Type: Discounted rate flexible mortgage.Discounted term: Two years.Discount: 1.95 per cent.Payable rate: 5.8 per cent.Minimum loan: £1,000.Maximum loan: Up to 95 per cent of valuation subject to no maximum.Income multiples: 3.25 times principal income plus second or 2.5 times joint.Features: Underpayments, overpayments, payment holidays, lump sum withdrawals, interest calculated daily.Arrangement fee: None.Redemption […]

Extra, extra, read all about it

I am a director of a family company who has retirement looming in the near future. A director&#39s pension scheme was set up for my benefit 20 years ago, partly to allow the company to borrow money back from the scheme from time to time.I have now been advised that scheme funds will probably be […]

Inheritance tax and estate planning – exemptions and reliefs

By Kim Jarvis, technical manager with Canada Life’s ican Technical Services Team In this article we look at the main exemptions and reliefs that are available on death. Within the article, spouse also means civil partner.   Nil-rate band Under current rules, any part of the estate that falls within the available nil-rate band (NRB), […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment