DBS network has launched a new product guide for its member firms designed to support them in the process of selecting the most appropriate product and provider. It says the guide is in response to requests from members for a revised explanation and presentation of product research material gathered by the network. It also provides material to help IFAs put together suitability letters for N2. The guide is accompanied by a video presentation on CD-Rom which talks members through the research process.
The Liffe derivative exchange has been bought by Euronext, the group formed by the Paris, Amsterdam and Brussels stock exchanges, in a £555m cash takeover.The deal, which saw Euronext fight off bids from the London Stock Exchange and Germany's Deutsche Bourse has led analysts to suggest the LSE is now itself vulnerable to a takeover […]
Skipton Building Society is feeding the current frenzy for guaranteed products with its 5-year guaranteed growth bond. The bond will track three stockmarket indices, the FTSE 100, Eurostoxx 50 and S&P 500, over a five-year term. It will return the original capital to investors however these indices perform, plus a minimum of 22 per cent […]
Why are some of the most useful inventions on the planet also some of the most dangerous? Electricity, for example. All of us would struggle to live without it but we realise that it must be treated with respect. If it is not, beware the consequences.Derivatives fall into the same category. Used properly by competent […]
I read with interest and powerful sympathy Gavin Anderson's letter regarding the difficulties of trying to deal by telephone with virtually every life company in the country.Of the mainstream companies we deal with on a regular basis only Standard Life and Skandia stand out as notable exceptions.When calling one company a few months ago, I […]
By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]
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Justin Modray says the RDR will make little difference in the way most advisers are paid.
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]