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CA attacks FSA with-profits reform proposals

The Consumers&#39 Association has criticised the FSA&#39s proposals for reforming the with-profits industry outlined in CP167, saying they do not represent any real progress for policyholders.

In its response to the CP, the CA expresses its concerns about the regressive steps included in the paper.

It calls on the FSA to take on board some of its proposals including ring-fencing with-profits funds within proprietary companies.

The CA&#39s response says: “Indeed we are concerned that these proposals are a regressive step in terms of corporate governance in that directors will have even more power to exploit policyholder vulnerability and consumer influence will be further weakened.”


&#39Use spouse&#39s allowances&#39

Taxpayers could save a total of £87m across the UK bytransferring assets to a non-taxpaying spouse, according to researchby IFA Promotion.IFAP says if the spouse is a non-taxpayer, the tax liability onsavings can be cut to a much lower level, possibly even zero.Its research shows the average deposit held by individuals is£9,935. If the spouse […]

A message for the Pru&#39 – IFAs have long memories

The Prudential has just made its most expensive mistake since it madethe ludicrous decision to buy up estate agency chains at the end ofthe 80s – just after the property market peaked – and then to dumpthem all again at huge losses a few years later.If anybody from the Prudential&#39s dislocated and out-of-touch board ofdirectors […]

Bupa sees the funny side

Bupa is running a series of 12 new press advertisements with a “lighthearted and comical” theme.The ads are intended to show a different side to Bupa and focus onthe organisation&#39s accessibility.One shows a dog sitting across a desk from a nonplussed doctor,saying “…Well, you said it was for everyone.” The caption reads“The good news is […]

Scottish Life – Individual Stakeholder Pension Plan

Tuesday, 6 May 2003 Type: Individual Stakeholder pension plan Minimum premium: £20 Minimum-maximum ages: From birth-75 Fund links: Managed, UK equity, UK ethical, global managed, European, Japan, Far East, global equity, Pacific, worldwide, UK mid cap, American, property, fixed interest, index linked, defensive managed, corporate bond, security 98, security 100, deposit, Scottish Life / BGI […]

Pensions Dashboards around the World

Steve Webb’s latest policy paper British savers risk being left in the ‘slow lane’ unless the UK Government takes a more active role in ensuring the successful delivery of a Pensions Dashboard. The report, ‘Pensions Dashboards around the World’, coincided with a major conference that was held on Monday 16 May and brought together experts […]


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