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CPAs should go

The dinosaurs from Jurassic Life are out of their pens again trying to justify CPAs. Annuities have their place but it is morally and fiscally wrong that, by law, everyone is forced to put their second-biggest asset in the hands of the actuarial profession 10 years before they are statistically dead.

If pension contributions ever become compulsory CPAs must be banned, although if they were banned there would be no need to make contributions compulsory anyway. Give the people access to their savings.

Allen Wood

Hodgson & Faraday,



Tablets for stressed IFAs

Increased business demands in recent years have meant that advisers have needed to work harder and longer often just to stand still. Add to this the average two hours a day spent commuting and it is easy to see why better alternatives are being pursued. Technology has long promised a smarter way of working but […]

Confusion over status of Network 300 firms

Network 300 members who sign up with Thinc are being offered the choice of joining its multi-tie operation, mortgage arm or becoming a fee-based financial planner. To date, none of the 287 RIs in the network has made a decision on whether to join Thinc. Advisers can join Thinc Financial Planning until general insurance regulation […]

ScotProv pays out after probe on critical cover claim

Scottish Provident has made a U-turn on a critical-illness policy after it originally refused to pay out following an admin blunder. Rodney Neil Financial Services partner Rodney Neil says ScotProv refused to pay out when a client was diagnosed with multiple sclerosis, claiming there had been non-disclosure of a pre-existing condition. Now the insurer has […]

Professional target as Sofa and LIA members vote for a merger

The merger between Sofa and the LIA is to go ahead following positive votes from the membership of both organisations. Extraordinary general meetings for Sofa and the LIA last week saw 87 per cent of LIA votes in favour of the merger and 75.5 per cent of Sofa votes in favour. The 25,000 members of […]


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