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Boost for ScotLife pension business

Scottish Life increased pensions business through IFAs by 39 per cent to £118m annual equivalent premium for the year to September 30, up from £85m the previous year.

Group occupational pension business increased 52 per cent to £41m from £27m over the same period, group personal pension business grew 27 per cent to £31m from £24m and individual pensions grew 38 per cent to £46m from £33m.

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Scottish Life in new pension transfer drive

Scottish Life is relaunching its pension transfer campaign aimed at raising awareness among IFAs about the opportunities available in the £2bn market.The company says pension transfers continue to be one of the few potential growth areas in the investment market. It says IFAs can still grow their businesses by revisiting existing clients to ensure they […]

On the offensive?

What a pleasure to read the recent letters from Brian Gallen and Charles Moran.I thank them both for writing quite succinctly and placing points of view held by many IFAs.Could this possibly be the start of a counter-offensive by the goodies proving to the Government and the regulators that indeed they are not baddies?Tin hats […]

&#39Bonfire&#39 for Fishwick as IFAs get a lifeline on split caps

IFAs will be liable in the split-cap crisis only if they went beyond claims made by trust managers when advising clients, the AITC has told the Treasury select committee inquiry.Aberdeen Asset Management&#39s former head of investment trusts Chris Fishwick denied collusion, saying the firm never invested in another trust on the understanding of receiving future […]

FSA drops DPS for Aifa&#39s menu system

The FSA is dropping its defined-payment system in favour of Aifa&#39s menu system, leaving IFAs free to be paid commission as long as they offer consumers a payment menu including fees.But the FSA is also propo-sing that for popular products IFAs must give a comparison of the commission they earn with the market average. Some […]

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