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Aifa dismay at re-opened pensions cases

Aifa says it is dismayed at the FSA&#39s proposal to re-open some closed pensions review cases to re-calculate the Serps element.

Aifa voices this concern in its response to PIA Consultative Paper 34, &#39&#39The Pensions Review: Re-calculating Loss ( and Redress) for Phase 2 Transfers – Serps Adjustment.&#39

Aifa says it is especially concerned because the need to re-calculate Serps in some cases stems from flaws in regulatory guidance not of the IFA&#39s making.


Mortgage Next – 2 Year Fixed Rate

Monday, 4 June 2001.Type: Fixed rate mortgage for members of Mortgage Next service.Fixed term: Until July 31, 2003.Fixed rate: 5.58 per cent.Minimum loan: £15,001, remortgages £25,001.Maximum loan: Up to 95 per cent of valuation subject to no maximum.Income multiples: Subject to negotiation.Arrangement fee: £299.Redemption fee: 5 per cent of amount repaid plus £100 until July […]

IFS slams Tory tax proposals

Conservative proposals for cutting tax on savings have come under fire from a leading think-tank as being regressive and resulting in tax loopholes. Under plans outlined in the Tory manifesto, tax on savings and dividends would be abolished for all but higher-rate taxpayers. The Institute for Fiscal Studies says this is the single most expensive […]

Principality Building Society – Cashback Discount Option 3

Thursday, 7 June 2001.Discounted term: Until August 31, 2006.Discount: 0.25 per cent.Payable rate: 6.2 per cent.Minimum loan: £5,000.Maximum loan: Up to 95 per cent of valuation subject to no maximum. Remortgages up to 90 per cent of valuation subject to no maximum.Income multiples: 3.5 times principal income plus second or 2.5 times joint.Arrangement fee: None.Redemption […]

CA calls for shareholders to foot bill for reviews

The Consumers&#39 Association is calling on the FSA to ensure that companyshareholders foot the bill for the pension and mortgage endowment reviews. CA senior policy adviser Mick McAteer is concerned that policyholders maypick up the tab for the reviews in response to the PIA&#39s regulatory update89 and in anticipation of the outcome of the windfall […]

India: are further rate cuts on the horizon?

By Kunal Desai, head of Indian Equities, Neptune Kunal Desai, manager of the Neptune India Fund, discusses the key drivers of the Indian market’s outperformance and why he expects another rate cut, which will likely further support equities.  Read more here Important Information Investment risks The Neptune India Fund may have a high volatility rating […]


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