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Enronitis hits IFAs&#39 confidence

More than half of IFAs are more cynical about stockmarkets now than they were before several high-profile accounting scandals rocked the industry, according to Witan Investment Trust. Its survey of 100 advisers in September found that 52 per cent are warier about markets than before scandals such as Enron and WorldCom became public. However, it also shows that 24 per cent believe markets remain the best way to grow wealth while 18 per cent say this year&#39s falls are isolated incidents.

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Fund firms put new life in pensions

One of the points identified in the Sandler report is that the pension tax regime creates artificial barriers to non-life insurance providers, such as specialist investment houses.The fiscal handicap pinpointed by Sandler is an anomaly that the Individual Pension Account was supposed to address but clearly has not. Since its introduction in April 2001, there […]

Dunbar name disappears as Zurich signs deal with Bupa

The Allied Dunbar name is finally to disappear following the signing of a cross-selling deal between parent company Zurich and Bupa.Under the terms of the agreement, the companies will sell each other&#39s products. Zurich will cease to manufacture private medical insurance and will sell Bupa products – including Bupa Heartbeat – to its customers through […]

Network to supply mortgage leads to Zurich

Intermediary network Professional Adviser Alliance has struck a deal with Zurich Advice Network to pass on mortgage leads it generates through its moneysupermarket.com and other websites and portals.PAA has 300 advisers in its UK-wide network. It has decided to sign Zan as a corporate partner to help it cope with the increased amount of business […]

&#39Worksite marketing is way ahead for pensions&#39

Closing the savings gap through compulsory pension contributions would require a politically unacceptable compulsory contribution of 15 per cent of salary, according to Oliver Wyman & Co, the consultancy which first valued the shortfall at £27bn.The consultancy also claims that raising the 1 per cent charge cap on stakeholder would not deliver an increase in […]

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