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Dead letter drop

I have just had to spend some time with a very upset widow who opened documentation from an investment group that is about to transfer from unit trusts to Oeics.

The letter was addressed to “Mr &#39John Smith&#39 Esq Deceased” and started “Dear Unit Holder”.

The second page was similarly addressed and invited him to vote on the matter.

To cap it all, the last page was a change of address form, also addressed to “Mr &#39John Smith&#39 Deceased”.

David Lindsey

Foresight IFAs, Aylesbury, Bucks


Peter Hargreaves

The various investment groups and life companies seem to enjoy different relationships between themselves than brokers enjoy with other brokers.Don&#39t get me wrong. Old Sun Unit Trusts and Boston Bombshell Unit Trusts never forget that they are competitors but they do get together and talk and enjoy friendly rivalry rather than brokers&#39 daggers drawn approach. […]

Not best policy

Last week, I looked at the broad tax and financial implications of investment by companies. I touched on the potentially negative impact that investment can have on business assets taper relief and looked specifically at the tax implications for income and capital gains produced by direct and collective investments such as Oeics, unit trusts and […]

Help us solve B&W problem

We would appreciate your reader&#39s help with problems encountered with Bristol & West Building Society.We build balanced portfolios for mainly retired people, that is, between 20-30 per cent cash 20-30 per cent low risk and the balance in equities.On an increasing number of cases on review, we have found B&W have contacted our client direct […]

Words of advice for all networks

Having read the article on Kean Seager&#39s new empire-building venture, I would like to offer 10 commandments to him and existing networks to help them achieve their goals.1: Stop taking an unjustifiable percentage of an IFA&#39s turnover and start charging a fee (and please not both). This will prevent you needing to justify your huge […]

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]


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