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Compulsion on the agenda

Peter Jordan&#39s suggestion that the removal of compulsory annuities would solve the problem of poor stakeholder take-up (Money Marketing, November 8) was made redundant by pension minister Ian McCartney&#39s claim that moderate to high earners were always stakeholder&#39s target market (same MM issue).

Indeed, Mr Jordan&#39s article appears to confirm what many IFAs already knew – that many companies showed a remarkable lack of courage in opposing or, at the very least, publicly identifying stakeholder as an attack on the pension providers rather than an attempt to solve the long-term retirement needs of the populace.

Compulsion is on the Treasury&#39s agenda. The most disturbing thing is that it will be introduced irrespective the political composition of the Government of the day. Our political parties&#39 lack of courage in opposing the bureaucracy appears to match the gutless stance of pension providers themselves.

Philip Thomas

Thomas Financial Planning

St Helens, Merseyside


Enhanced terms to entice stakeholder business

Hargreaves Lansdown has put together a stakeholder plan from Clerical Medical with enhanced terms, exploiting a price war among stakeholder providers. It says major stakeholder providers are currently offering very good deals to entice business. It has now been able to negotiate an exclusive deal on Clerical&#39s Futureproof plan to pass on the benefits of […]

Pauline Stoffberg

“In the event of complete depolarisation, we would like you to know that we have the market-leading multi-tie proposition. Talk to us first.” If you have not heard these words, or similar, you are probably not an active IFA and the wisdom or, indeed, sustainability of independence has not been taxing you since the issue […]

Assuresoft set to sign net deal with Cofunds

Assuresoft is close to signing a deal with Cofunds that will see its fund supermarket on the Assureweb portal. The deal will see Cofunds&#39 trading platform go head to head with Skandia&#39s My MultiFundshop, which is already available on the platform alth-ough Assuresoft says the move is designed to give IFAs more choice and wants […]

Recession fears affect investor product choice

Fears of global recession and the threat of international terrorism are changing the profile of clients&#39 product purchases, according to network IN-Partnership.The network says that clients are taking a &#39safety first&#39 approach, placing more emphasis on secure bonds, investment funds with guarantees and protection insurance.On-Line Partnership, which trades as IN-Partnership Group, chief executive Kevin McDonagh […]


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