View more on these topics

CGU Life warns of the need for quality advice under stakeholder


CGU Life is warning the Government&#39s proposals for minimum standards for charges under stakeholder will restrict the quality of products and advice available.


The life office says value for money is important for both providers and consumers. But it believes this should not compromise consumers access to quality products and quality financial advice.


CGU says the stakeholder charging standards should allow for the cost of advice to be built in to the charging structure.


CGU says: &#34We recognise the importance of providing consumers with simple, value for money, flexible pensions. We believe that consumers should have access to quality advice and the cost of providing that advice should be allowed for in the maximum charge.


&#34We are pleased that the Government is going to review the maximum charge after further consultation on advice arrangements.&#34

Recommended

Premier&#39s High Income Trust exceeds expectations

Premier Fund Managers has surpassed its expectations and raised £40m with its first venture into the investment trust market. It had hoped to raise £25m.Its Premier High Income Trust, a split capital investment trust raised £19.5m through investments in ordinary shares, £15.4m through zero dividend preference shares. The remainder was raised through bank borrowings.The trust […]

Morgan Grenfell name dropped by Deutsche Bank

Deutsche Bank has ditched the name Morgan Grenfell from its asset management business.The fund managers will now be called Deutsche Asset Management or DAM.Morgan Grenfell the merchant bank was originally bought by the German bank in 1989 and was subsequently renamed Deutsche Morgan Grenfell.

Money - thumbnail

FCA Retirement Income Market Data

Last week the Financial Conduct Authority (FCA) published their collected data under the above title for the period July-September 2015. It should be admitted that ordinarily such a set of figures would hold little appeal for either this article or our readers. Yet these are far from ordinary times for pension savings (and the employers that sponsor same). […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment