View more on these topics

Broker Talkback

Do you agree with Hargreaves Lansdown that the open market option should be the default for people buying an annuity?

Yes 88%
No 12%

Dhiren Malde, Platinum Financial Services


“It is a step forward but it might exclude people who are more suited to drawdown.”

Martin Pankhurst, Pearce Pankhurst Financial Services


“It is the best advice for clients because it enables them to shop around and get the best deal.”

Robin Cade, Moneycare Financial Planning


“It gives the client the opportunity to get individual advice to get the best deal for themselves.”

Stewart Jones , Oakwood Financial Services


“I have been doing some open market options recently but it has turned out to be the internal option that is better value so I don’t think you can take a blanket approach.”

Ian Burns, Perfect Pensions


“I think it is certainly the correct way of doing things. Open market has to be the first option.”

Martin Smith, NHFA Limited


“It would be in the best interests of the client for this to happen so I would be in favour of it.”

Stuart Harris, DNS Insurance Services


“Because I think it will force people to search out the best deal for themselves.”

Rob Simpson, Simpson Financial Services


‘Absolute returns the next big thing’

Gartmore deputy head of multi-manager Marcus Brookes believes that 130/30 and 140/40 funds are likely to be the next big fund trend.Brookes says the wider adoption of Ucits III and Nurs has given providers a number of different strategies to successfully run an absolute return offering.He says: “In the pre-Ucits III days, providers were restric-ted […]

Lifetime shuns sales to improve service

The Norwich Union-owned platform has also increased the minimum single contributions to its Sipp from £100,000 to £250,000 to deter inflows from current adviser users and enable it to work through an existing backlog.

Phizackerley ruling will effect all trusts making loans to beneficiaries

The recent high profile Phizackerley ruling on inheritance tax and will trusts has far-reaching implications for all trusts making loans to beneficiaries, warns Skandia.Although the Phizackerley case involved the use of a share in the family home within a will trust, Skandia says the same principles can also be applied to any trust arrangement where […]

Millfield declared in default

Millfield Partnership Limited has been declared in default by the Financial Services Compensation Scheme, with around 150 claims now eligible for payment.

A DGT with 100% access and 100% discount?

Clare Moffat, Technical Manager, looks at the benefits of pensions from an IHT perspective. 100% access and 100% discount – what type of wrapper could this be? A pension! Post flexibility there is 100% access (for those over 55) and normally pensions are inheritance tax (IHT) free. With flexibility the options available on death mean […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm