View more on these topics

Drawdown service for IFAs

Retirement specialist Intelligent Pensions is setting up a monitoring

service for IFAs to review their clients&#39 existing income-drawdown plans.

For a fee of 80 a year, the service will provide IFAs with quarterly

reports from Intelligent Pensions detailing the reasons for and against

buying annuities for their clients&#39 drawdown plans.

The reports analyse each fund link in the drawdown plan to identify

whether the right combination of market conditions exists to make it viable

for the fund to be switched to an annuity, depending on the client&#39s


The initial charge for clients is 125 per drawdown plan but the company is

discounting this by 100 for plans registered before June 30.

Intelligent Pensions says the service will help head
off possible

criticism from
the FSA which has voiced
concerns over the standard

of advice on the 60,000 inc-
ome-drawdown policies alre^_ady sold.

Intelligent Pensions managing director Steve Patterso
says: “Most IFAs

know that pension drawdown and annuity deferral for a 70-year-old

not on.

“This raises the question of when annuities should be bought for existing

drawdown investors. You cannot recommend annuity deferral and
just leave

it at that.”


ABN rethinks portfolios after roadshows

ABN Amro has refined and improved its managed portfolio service followingfeedback from IFAs on its recent nat^_ional roadshow tour.It is retaining its three basic portfolio disciplines of growth, balancedand income but will define the objective of each more clearly by referencetoa target portfolio yield.The target yield for growth will be less than 1 per cent, […]

Trolley good show

The supermarket has become a one-stop shop where you can buy almostanything while saving time and money.Now, a new type of supermarket has arrived where people can go to plantheir financial future and fill their trolley with unit trusts, Oeics andIsas.But not all fund supermarkets are equal. How do you tell them apart? Whatare the […]

Complex bill must have more time

Why so little comment on the committee stage of the Financial Services andMarkets Bill wending its torturous way through the House of Lords withnearly 1,500 amendments being debated and more to come?This bill is intended to replace the 1986 Financial Services Act which wasitself rushed through Parliament with numerous quirks and flaws that MMcolumns attest […]

Is it too soon to cheer?

The sound of Champagne corks could be heard across the country as thesign-up date for the pension review passed but is the sign-up date reallyas simple as it sounds and a cause for celebration or merely anearly April fool?On August 3, 1999, the FSA announced that investors who wanted theirpersonal pension reviewed had to request […]

A tough start for 2017 consensus trades

By Kacper Brzezniak Every year, starting around November, investment banks (and fund managers) begin to drip out their outlooks for currencies, rates, economies, you name it, for the following year. The consensus has been largely wrong for the past four or five years; those multiple rate hikes never came, the bond market is still alive […]


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