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Canada Life adds three new funds to product range

Canada Life has unveiled two new fund links with M&G and one with F&C to bring the number of funds on its UK life and pensions product range to 72.

The group has added the M&G recovery fund and the global basics fund as well as F&C’s UK opportunities fund run by Phil Doel.

M&G partnership sales director Andrew Watson says: ” This is the first time IFAs have had the opportunity to access M&G through Canada Life.”

Managing director Canada Life wealth management Alain Wolffe says: “These new fund links were formed as a direct response to adviser requirements and demonstrates Canada Life’s policy of focusing on the importance of continually increasing the quality of its product range to advisers and investers alike.”


DTI will remove audit requirements

The DTI has laid regulations to remove audit requirements for small regulated firms and appointed representatives after an FSA study. The new regime comes into force in November and the FSA estimates it will save firms £15.25m, with the biggest beneficiaries being financial advisers.

Symponia aiming to orchestrate over-65s

Long-term-care specialist network Symponia is expanding its business to cover all areas of financial planning for people aged 65 and over. The network is aiming to become the leading financial advice group in the UK for elderly people and will offer advice on areas such as equity release and inheritance tax planning. Symponia was initially […]

Survey reveals extent of client recycling

Existing customers account for just one-third of IFA’s new business, according to Tillinghast. The consultancy says this implies the majority of new clients are recycled from other advisers and IFAs are failing to provide an ongoing service to customers. Tillinghast associate Joanna Hall says: “A cultural change is needed whereby the current sell and move […]

London Life transfer valuation £70k short

London Life has come under fire after underestimating the transfer value on a client’s pension fund by £70,000. Intelligent Pensions tech-nical director David Trenner received the first transfer value of £126,544.37 on January 14. Trenner queried the figure and got a letter on June 12 restating the figure at £195,049.56 – a 36 per cent […]


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