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Brown &#39taking a sledgehammer&#39 to pensions – Friends

In response to the pre-Budget report Friends Provident expressed its disappointment at the Government decision not to abolish the lifetime limit and the&#39punitive tax penalties&#39 imposed if the limit is exceeded.

Friends Provident head of pensions marketing Jeremy Ward says: “Lifetime limits, which in reality will affect only the upper end of the market, are just an unnecessary complication, and will be difficult for consumers to both understand and monitor. It really is a case of the Government taking a sledgehammer to crack a nut.”


SIPPcentre offers IFAs co-branding facility

The SIPPcentre is offering IFAs a co-branding facility which will see advisory firms&#39 logos on the pensions administrator&#39s website and marketing literature. The offer is only available to IFAs registered with the SIPPcentre, which is a subsidiary of Sippdeal. IFAs can register through Managing director Andy Bell says: “The true brand loyalty for most […]

Close Fund Management launches Japan fund

Close Fund Management is launching a Japan accelerated performance fund aiming to provide capital protection and enhanced return on the Nikkei 225 index over six years. The fund, which is open until December 11, is designed to offer five times the growth of the Nikkei subject to a maximum return of 100 per cent. Unless […]

Legal & General bridges tax efficiency and growth

Legal & General has brought out the distribution trust, a unit trust which aims to balance tax efficiency and growth potential in the light of Isa changes next year. In April 2004, equity Isas will lose some of their tax efficiency, as it will no longer be possible to reclaim a 10 per cent tax […]

Hargreaves warns that life offices must change or die

Life companies face extinction unless they overhaul their business models and become management consultants to IFAs, says Hargreaves Lansdown chief executive Peter Hargreaves. Writing in Money Marketing this week, Hargreaves says life companies should follow the example of IBM, which he says reinvented itself as a management consultancy after losing ground as a PC manufacturer. […]


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