View more on these topics

Consumers&#39 Association calls for inquiry into with-profits

The Consumers&#39 Association is calling on the Treasury to set up an independent public inquiry into the with-profits industry.

In a report entitled &#39Profits at the consumer&#39s expense&#39 the Consumers&#39 Association criticises with-profits funds as being over-complicated, poorly regulated and lacking in transparency.

The Consumers&#39 Association does not believe the review of with-profits funds announced by the FSA is sufficient to address all the issues. The report says: “One of the issues to be addressed is the FSA&#39s own role in relation to Equitable Life and the Axa orphan assets proposals. The regulator would be in part investigating itself.”


Autif names new director general

Autif is appointing Richard Saunders as director general, replacing Philip Warland. Saunders will take up the post on May 1. Current director of legal and fiscal affairs Sheila Nicoll is promoted to the new post of deputy director general. Nicoll will also be acting director general until Saunders takes up the post. Saunders has been […]

Henderson offers initial charge discount

Henderson Global Investors is offering a 1 per cent discount on the initial charge on its European Capital Growth Fund. The fund is an Oeic and is available in an Isa wrapper and as a Pep transfer. The minimum lump sum is £1,000 or £2,000 through an Isa. Henderson UK retail head Simon Ellis says: […]

Scottish Life within range of retirement solutions

Scottish Life has designed retirement solutions, a range of pension products that give employers the chance to give their employees a choice of a group personal pension, a group stakeholder plan or an occupational money purchase scheme. Retirement solutions is aimed at both large and small companies and allows employers to tailor pension arrangements to […]

Halifax buys Equitable

Halifax has agreed to buy Equitable Life for £1bn, in a deal which could see guaranteed annuity rate policyholders trading their guarantees for upfront bonuses. Halifax will pay £500m for Equitable&#39s asset management business, administration systems and salesforce. Halifax will then pay £250m into the Equitable with-profits fund if the holders of guaranteed annuity rate […]

Passport - thumbnail

Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm