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Autif castigates the Government on CAT standards

The Government&#39s Cat standard is &#34breathtakingly irresponsible&#34 according to the Association of Unit Trusts and Investment Funds.

The industry body believes that the policy is an irresponsible act which cynically puts the savings of the most needy in society at risk.

Autif director of communications Anne McMeehan says: &#34The Government knows that no risk warning or advertising campaign can offset the implied Government endorsement which people will read into a Cat-marked product.&#34

But many managers have backed the scheme.

Axa Sun Life chief executive Les Owen says: &#34We welcome the Government&#39s changes to Cat standards. It is heartening to see that the stocks and shares component of the Cat standard will include authorised unit trusts and oeics.&#34

The life office is concerned that there must be more recognition of the need for financial advice now there is a wider range of funds available.


A1 Office Assistant look for Enterprising Investment

ENTERPRISE INVESTMENT SCHEMESA1 Office AssistantA1 OFFICE ASSISTANT PLCAim: To provide capital growth through investment in an office stationery company set up under EIS qualifying rules.Minimum investment: £1,000.Closing date: October 30, 1998.Charges: Initial – up to 5 per cent depending on if and/or how much commission is taken.Commission: 5 per cent.Tel: 0171 583 2787.

Darling to speak at Swiss Life welfare conference

Social Security Secretary Alistair Darling will be the keynote speaker in a welfare reform debate hosted by Swiss Life this month.Darling will share a platform with MPs and businessmen including the Lib Dem chair of the social security select committee Archy Kirkwood and NAPF director general Dr Ann Robinson.The all-day &#39Getting Welfare to Work&#39 conference […]

Northern Rock&#39s new Cap

Northern RockCAPPED RATE MORTGAGESCapped term: Until January 1, 2003.Capped rates: Option one – 6.19 per cent, option two – 6.79 per cent.Minimum loan: Negotiable.Maximum loan: Up to 95 per cent of valuation subject to a maximum of £250,000.Income multiples: Loans up to 75 per cent of valuation – 3.25 times principal income plus second or […]

Friends Provident adds Investment Trust Portfolio to its Capital Investment Bond

Friends ProvidentCAPITAL INVESTMENT BONDType: Addition of Investment Trust Portfolio Fund to its unit-linked Capital Investment Bond. Aim: To achieve capital growth through investing in a range of investment trusts from a number of providers.Investment split: UK – 63 per cent, Europe – 25 per cent, North America – 4 per cent, Japan – 1 per […]


Case study: administration — implementing a management log

Our client is a leading video game and publishing company best known for its console role-playing game franchises. The client provides a number of benefits, at varying levels and cost that attract a P11d liability. With the absence of a management log to track data for benefit movements, enormous administrative and therefore cost implications were occurring each year just to comply with P11d reporting requirements.


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