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Exchange fills gap with contracting-out guides

Exchange FS is offering IFAs a new contracting-out recommendation guide after the withdrawal of templates by life offices.

It believes the guide will fill the gap left by providers which have withdrawn their model recommendations and will help IFAs steer clients through the marginal differences between Serps and contracting out.

The guide works on a client-specific basis to assess whether they could benefit or would continue to benefit, from contracting out.

The tool is part of a new range of retirement planning software applications going live on The Exchange from early July.

These are designed to help IFAs advising on complex areas such as transfer value analysis, income drawdown, and comparisons between stakeholder and existing pension arrangements.

The tools are applicable to any IFA, regardless of whether they hold the specialist qualifications required to transact business in these areas.

The first two products available will be the stakeholder comparison tool and the contracting-out guide.

Exchange head of retirement marketing Mark Goss says: “Increasingly complex regulations and fears of retrospective reviews are stopping IFAs from conducting business in the more specialist areas of retirement planning. Our tools are aimed at all IFAs, whether they are authorised to transact this type of business or not, and can help them take advantage of these areas.”


Schroders recruits Ide from MLIM for Euro role

Schroders has recruited Merrill Lynch Investment Managers managing director Julian Ide to head its European retail operations. Ide, who is set to take up his new position in August, was managing director and head of distributor sales and wholesaling at MLIM, where he has worked for nine years. In his new position as managing director […]

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Most IFAs are frightened of Enterprise Investment Schemes and, in many cases, quite rightly. But there are some excellent asset-backed schemes in growth areas which all IFAs should consider as part of a portfolio for their bigger clients. They do have two major taxation advantages over venture capital trusts. Like VCTs, they have 20 per […]

L&G launches Pep and Isa transfer offer

Legal & General is launching a special offer on Pep and Isa transfers to give investors extra tax free income.Those investing in the company’s corporate bond funds will have management fees deducted during 2001 for the Pep and Isa transfers refunded.The offer applies to transfers completed by June 30, 2001. Investors must ensure funds are […]

Paymentshield frees up protection menu

Paymentshield has introduced FreeFirst, a menu-style protection plan that has three parts — accident, sickness and unemployment (ASU) cover, life & critical illness cover and buildings & contents insurance.The plan is aimed at homeowners with mortgages who need to protect their mortgage repayments in case they are unable to work or fall ill in the […]

What are the key changes to transform pensions?

By Fiona Tait, pensions specialist In her final article for Royal London, Fiona Tait reviews key changes she believes have transformed, or will transform, pensions. In my 12 years with Royal London I have been paid to review, study and explain the numerous changes to pension legislation which have transformed our industry in that time. This is […]


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