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Aifa welcomes rethink on Defined Payment

Ron Sandler&#39s approach to remunerating advisers is more practical than the Defined Payment system proposed by the FSA according to Aifa chairman Lord David Hunt.

He cautions, however, that in depth examination about how to practically implement the proposals will be important.

The trade body also welcomes the proposal for a distinctive definition of an adviser, which “will bring exclusive benefits not just obligations.”

Hunt expresses concern about the “stakeholder suite” products, saying allowing them to be sold by unqualified advisers “flies in the face of experience.”


Lifequote appoints former L&G marketing director

Protection network LifeQuote has announced the appointment of Richard Verdin as sales and marketing director. Verdin joins from Legal & General where he was protection IFA sales director. LifeQuote, the business to business division of Direct Life & Pensions, provides online quotes for individual protection and life quotes. It has 750 IFA firms which use […]

Trio of discounted deals from Exclusive

Mortgage packaging network Exclusive Connections is offering three discount loans in partnership with specialist lender Mortgage Express.The products are distributed solely through Exclusive Connections, which offers a national service to IFAs and other mortgage intermediaries, with a negotiable introducer fee.The first mortgage has an interest rate of 4.1 per cent and offers a discount of […]

Threadneedle favours corporate bonds

Threadneedle is doubling the proportion of investment-grade corporate bonds held in its European bond fund to 40 per cent.At present, the fund&#39s exposure to corporate bonds is around 20 per cent. Threadneedle says the move will allow the fund to benefit from increased opportunities in the European non-government market and will raise the yield on […]

FSA supports direction of Sandler report

The FSA says it supports the Sandler report&#39s recommendations on products, regulation and consumer education, and will publish an outline programme in September for the simplification of the sales regime.The regulator claims Sandler&#39s suggestions of a simplifies regulatory regime for the sale of stakeholder is in line with its own proposals for depolarisation in CP121.FSA […]

Tax year-end planning for annual allowance

Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]


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