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Advisers’ relieved at Pearl winning Resolution battle

Advisers are welcoming the news that the Board of Resolution has recommended Pearl’s takeover offer to its shareholders, saying they had concerns over a deal with the other contenders.

Richard Jacobs Pensions & Trustee Services director Richard Jacobs says he is glad that Friends Provident and Standard Life did not win the battle for Resolution because the closed-life fund provider has its shareholders interests at heart, rather than its customers.

Jacobs says: “Pearl and Resolution are a new breed of predator and they suit each other admirably. When I first heard about Friends’ bid for the firm, I stopped giving business to them because I did not want to see a good client centred insurance company merging with Resolution because they have different priorities at heart.”

Syndaxi Financial Planning managing director Robert Reid says Pearl has a far better attitude to treating customers fairly than Resolution, so he is pleased by the potential takeover.

Reid says: “Resolution is somewhat difficult to deal with but Pearl has the attitude that they need to improve service. Perhaps Resolution’s service will improve as a result of its acquisition.

“It is not going to make a dramatic difference to policyholders. The interesting consideration is what happens to Resolution Asset Management? The question is whether it is seen as core or not.”


Pada warned to be up-front on potential charge increases

Aegon says the Personal Accounts Delivery Authority must tell savers in personal accounts that charges could rise in the future or risk not treating customers fairly.It says the running costs of personal accounts will be affected by differences between actual and assumed employer and employee behaviour.Aegon says unknown factors, such as whether opt-out rates will […]

Define time

Neil Loney and Mark Thomas, of PA Consulting Group, believe that a radical new approach to life and pensions is needed with products that feature better-defined outcomes, a risk-reward element shared between provider and consumer and simple direct distribution, cutting out IFAs


Natixis Global Asset Management’s quarterly Portfolio Barometer offers insights into UK financial advisers’ model portfolios and the allocation decisions they are making. Natixis’s Portfolio Research & Consulting Group works with financial advisers and other intermediaries to analyse and enhance their model portfolios and help them develop investor portfolios suited to today’s complex markets. The Portfolio […]


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