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Confusion over retrospective rules

The article, Pledge to end retrospective rules regime, seems to be diametrically opposed to the news that Mr Davies is extending the “statute of limitation” rules for endowment complainants.

Perhaps he does not understand what retrospective rules regime actually means.

Perhaps he is trying to appease Ms McKechnie at the Consumers&#39 Association – plenty of hits but not enough complaints.

It is a tough life when you are trying to justify your existence.

Terence O&#39Halloran

O&#39Halloran & Co, Lincoln


Gartmore creates equity and bond recipe

Gartmore is making the cautious managed fund the focal point of its foray into this year&#39s Isa season. This fund is an Oeic that invests a maximum of 60 per cent in UK equities, with the remainder going into investment-grade corporate bonds. It will initially have 60 equity and 25 bond holdings and aims to […]

Bond aid

The Diary is impressed with Prudential&#39s unashamed carrot and stick approach to with-profits – the carrot for the new customers and the stick for the old. Just days after whacking maturing with-profits policyholders with a swingeing 7 per cent cut, the Pru is offering a 2 per cent enhancement on all Prudence bond purchases.Apparently the […]

IMA warns the FSA to hedge on retail fund offerings

The Investment Manage-ment Association is warning the FSA not to allow a wide range of hedge funds to be authorised for sale to retail investors.In its response to the regulator&#39s discussion paper Hedge Funds and the FSA, the IMA says the balance of view among fund managers is that it would be premature for a […]

Plus adds up the sums

Few companies have as consistent a record when it comes to delivering e-commerce services for IFAs as Scottish Life. Over the last few months, the company has made some significant enhancements to its IF@plus.Over the past couple of years, there have been two key drives in industry e-commerce, the first based on new business and […]

China’s economic bounce may already be over

By Mike Riddell (17 May 2016) Most people would explain the rally in global risky assets since mid-February as being primarily down to the spectacular volte-face from the Federal Reserve, where Janet Yellen (and others) dramatically toned down their narrative that the Fed would be hiking rates as many as four times in 2016. This explanation […]


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