Do you agree with Suffolk Life director of sales and marketing John Moret that commission on pension transfer business should be scrapped and that all pension transfer business should be fee-based? Chand Patel, BIMAStuart Stojkovic, Sillars McCleod Andrew Seaman, F L Seaman & Co Martin Lumsden, AM & A Financial Consultants John Cope, David Cope and Partners Neville Pereira, Lubbock Fine Financial Solutions Carl Estevar, sole trader Tony Hall, Barrat Gray Limited Money Marketing welcomes readers’ letters for publication. Letters should be sent to: The Editor, Money Marketing, 50 Poland Street, London, W1F 7AX.
Former Bankhall joint chief executive Paul Hogarth is gearing up for a return to the industry. Hogarth’s restrictive covenant ends this week and he is looking at launching a venture in the new year. This is likely to focus on wraps or providing exit strategies for retiring advisers – the two areas that interest him […]
The future is bright for the life insurance sector if it sorts out its business model, says analyst Ned Cazalet. Speaking at a Cazalet Consulting conference on asset allocation last week, Cazalet said life offices should focus on true profitability rather than new business and put the “investment horse before the product cart”. He highlighted […]
Alliance & Leicester is amending its current range of specialist mortgages from tomorrow.Its new range will include a two-year fixed rate buy-to-let at 5.29 per cent and a base-rate tracker at 0.15 per cent above base.There is also a self-cert, two-year fix at 5.25 per cent and a two-year near-prime fix at 5.90 per cent.A&L […]
Global Special Situations Fund
So are the new Pension Freedoms being used? The answer to this appears to be a very clear ‘yes’. Figures from the Financial Conduct Authority (FCA) this week provides firm evidence of such usage.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
A majority of independent financial advisers think there should be a single rate of tax relief according to this week’s Money Marketing poll. More than 120 advisers took part in the poll with 77 in favour of a single rate of tax relief, 39 against and six undecided. Yellowtail Financial planning managing director Dennis Hall […]
The FCA has issued a warning over ‘commoditised’ defined benefit pension transfers running the risk of unsuitable advice. In a letter sent to advisers holding pension transfer permissions, the regulator reminds planners that a “key area” of its focus is on pension transfers, and that it will later this year be contacting all firms to […]
Problems look set to arise for pension schemes operating relief at source