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Ex-Skandia director joins Sarasin

Sarasin & Partners has appointed former Skandia group investment director Jim Roberts as non-executive director. Roberts, who was also chairman of Skandia Investment Management, will look to build on Sarasin’s drive into the mainstream UK wholesale market.

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Nucleus’ board IFAs face re-election

Nucleus’ seven IFA representatives that make up its advisory board are up for re-election on February 27. The platform’s next meeting will see the seven positions up for grabs, with all existing member IFA firms able to offer themselves for election, becoming more involved in driving the development of the platform. The new board members […]

Exchange of fire as high loaders defend position

Leading pension providers have condemned life offices that still pay hefty initial commission on group personal pensions, claiming it is is unprofitable and unsustainable.Friends Provident’s recent decision to stop paying initial commission on new group personal pension business has left Norwich Union, Aegon, Axa and Scottish Widows as the only providers paying initial commission in […]

Falling barometer

The economic outlook is getting worse. We are now in the middle of a full-blown banking crisis, accompanied by falling house prices, a jittery stockmarket and a credit crunch that has only just begun. We are also knocking on the door of a global consumer-led recession and the UK will not be immune. Indeed, it looks like one of the most vulnerable economies.

Axa CEO says generic advice should scare people into making decisions

Axa chief executive Paul Evans says generic advice will be ineffectual if it is only an information service and says consumers have to be pushed into making decisions about products. Axa has published the results of a financial research study which found that consumers are more likely to make the most of the advice given […]

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