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Edinburgh Fund Managers calls for transfers from Isas to stakeholder

Edinburgh Fund Managers has called for money invested in Isas to be directly transferable into pension funds.


EFM makes the call in its response to the joint Treasury and Department of Social Security consultation paper &#39Helping to deliver stakeholder pensions flexibility in pension investment&#39.


It also feels the proposals contained in the consultation paper are too restrictive in respect to gearing on investment trusts and calls for this submission to be dropped.


It also believes that Catmark standards should also be expanded to allow for an element of advice, this move would broaden investment choice and prevent the market being dominated by the largest providers.

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