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DBS warns members to guard against misselling stakeholder

DBS is warning members to safeguard against future claims of pension misselling in the run up to stakeholder pensions.

The network, which has 1800 member firms, has written to members urging them to ensure clients are made aware in writing of potential benefits stakeholder could bring.

It suggests they recommend &#34products which best facilitate the transition to a stakeholder contract, those with high early transfer values, fair terms on premium cessation and single premium contracts&#34.


Solicitor/investment managers in threat to IFAs&#39 market share

IFAs face a threat to their share of high net worth business from a new breed of solicitor investment manager with access to unlimited compensation.The Association of Solicitor Investment Managers is stressing that the Law Society provides unlimited cover for fraud and the Solicitors Indemnity Fund provides up to £1m for negligence claims.And it compares […]

Equitable Life announces CAT standard ISA plans

Equitable Life has announced plans to launch a Cat-marked equity tracker ISA in April.The maxi ISA will allow up to £7,000 to be invested in the Equitable UK All-Share Index Tracking Trust.It will have no initial charges and an annual charge of 1 per cent per annum.Managing director Alan Nash says: &#34With our low costs […]

Norwich Union appoints new head of product marketing

Norwich Union has appointed Lynn Coleman as new head of product marketing. Coleman joins Norwich Union from the Bradford & Bingley Building Society.Life and pensions marketing director Mike Kirch says: &#34We are delighted to welcome Lynn aboard. She brings with her a wealth of experience of the IFA market which will be a real asset […]

Finops reorganises board in wake of Kestrel takeover

Financial Options Group has appointed three new directors to its board following the recent acquisition of the Kestrel network. Financial Options and Investment Options sales & marketing director Andrew Bedford will become group sales & marketing director. Former Legal & General senior analyst programmer and IT consultant Mark Horrocks is to take the role of […]


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