View more on these topics

Experience is an asset for Axa

In years gone by, it was difficult to open a trade publication without looking at Mary Blair pushing the Fidelity line. At least she was pushing the Fidelity message and not Mary Blair.

John Lawson and Ned Cazalet state the obvious week by week and one cannot help but think that this is for the greater glory and good of both.

The recent spat between Lawson and Axa over the ability of an exempt approved pension trust to reallocate funds among members is a case in point.

This so-called loophole in the ability of a company pension scheme to reallocate assets among members has always been there for big schemes and has been there for small schemes whether EPPs under a common trust or small SAFs since EPPs were made available to controlling directors.

Some departments at Axa may leave something to be desired but the SSAS department is both competent and light years ahead of Standard Life.

It ill behoves Lawson, therefore, to attack a well-established, experienced practitioner company. Lawson’s youthful photograph suggests to this OAP that he might not have the background experience of some of us, nor the nous to keep quiet.

The collateral damage to clients from the prognostications could be immense. Is it too much to hope that both will suffer the fate of Mary Blair and vanish forever from our consciousness?

I would be perfectly happy to see Mr Cazalet on Oxford Street with a placard saying “With-profits is doomed”. In the meantime, why do you give either the oxygen of publicity?

Peter O’Hare
Carr & Associates


Camerons right-to-buy doomed says

Tory leader David Camerons proposal for a return of right-to-buy is doomed to failure, according to of mortgages Louise Cuming says some local authority properties are already very difficult to borrow against and the policy could create a glut of tenant-owners left with properties that are difficult to sell on.She says many local authority […]

Pole star

Collegiate’s Mark Bates is set to take part in the 2007 Polar Challenge to the magnetic North Pole. The race takes place in April 2007, when Mark and the other competitors will ski 320 miles to the pole pulling their own supplies and handling temperatures between -25 and -45 degrees. Mark aims to raise 10,000 […]

Promising position

Although there has been a marked increase in market volatility, the big picture of late is that there is not any discernible trend and markets are trading off each rumour and data release.

Firm aims to help advisers make the transition to fees

FP Advance has set up a business consultancy practice which offers help to advisers looking to move towards a fee-based model. The firm says it will offer specialist advice and training to advisers, networks, nationals and wrap or product providers looking to support fee-only practices. FP Advance, formerly operating as FP Transition, says with the […]


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