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Axa Sun Life just clutching at straws over Sipp claims

Axa Sun Life&#39s claims over Sipps (Money Marketing, last week) gave my

colleagues and I a few good laughs.

Who do Axa Sun Life think they are kidding?

What I hear is the sound of straws being clutched at as they see millions

of pounds being directed away from their own funds to pension providers

that had the business sense to offer a true Sipp.

Axa Sun Life should take some time to talk to IFAs about Sipps. They may

be surprised to learn that the main reason for IFAs recommending them is

that they fully intend for their client to use the facility to provide

maximum investment potential and flexibility, not merely as a parachute.


Fidelity supports Children&#39s Trust

Fidelity Investments is lending a helping hand to The Children&#39s Trust, acharity group dedicated to helping physically handicapped kids and thosewho need rehabilitation after car accidents.The company is supporting three major fund-raising events for the Hand ofHope Appeal.The eventual goal is to raise money towards building a therapy andrehabilitation centre to replace the present facilities. […]

Friends Provident backs ethical investing

Friends Provident is lending its support to the campaign lobbying companies to address concerns over human rights, chld labour, and environmental pollution.To this end the insurer has announced it will invest its £15bn of equity assets only in companies with a good track record in these areas.The move places Friends Provident at the head of […]

AXA purchases remaining shares in Sun Life

Axa, the French insurance giant, has announced it is purchasing the remaining stake in Sun Life and Provincial Holdings it does not already own.The company already owns 56.3 per cent of SLPH, this deal will give it control over the remaining 43.7 stake in the life office.SLPH&#39s shareholders will receive 500 pence in cash, and […]

IFAs&#39 ICS fees soar by 50%

IFAs are to be stung with a 50 per cent increase in Invest ors&#39Compensation Scheme fees to fund expected record compensation payouts dueto the pension review.Firms will pay out between £450 per registered individual by the end ofthe year. The biggest bill will be for Misys, which has around 4,000 RIsand faces a bill of […]


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