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Focus change on tied sector cautions Skandia

Skandia is telling the FSA to focus its proposals on reforming the tied sector where consumer choice is unreasonably limited but adopt a lighter touch for IFAs.

It is proposing a simplified regime with status disclosure and term of business being replaced by a "needs-based" disclosure.

This would be a simple one page document detailing products areas, whether the advisers is making recommendations from a single company, a range of companies or any company.

It would also detail remuneration method and be signed by adviser and client.

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UCB adjusts self-cert loans

UCB Home Loans has announced changes to its range of self-cert range mortgages replacing its discounted rates with tracker rates and adjusting fixed rates.The specialist lender says from this week, it is introducing a two year tracker product, a three year tracker and a three year buy-or-let tracker. They will replace the existing discounted rate […]

Britannia International – 5 Year Guaranteed Capital Equity Bond (Issue 8)

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VAT&#39s the way I like it

So, after a couple of weeks of “VAT and financial services – the story so far”, it is time to look ahead to “VAT and financial services – the story as it could be, post-whatever the outcome of CP121 may be”.Of course, fees and commission have been two key issues in the consultation process. As […]

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