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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.


BFS set to suspend dividends on trust

The board of BFS income & growth trust is proposing terminating dividends for the remaining life of the company in a bid to meet zero shareholders&#39 capital entitlement.In a move which could spell the end of its investment company status, the trust&#39s board is “seriously considering” suspending dividends until the company winds up in August […]

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)

Monday, April 29, 2002 Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum investment: Lump sum £1,000 Place of registration: Isle of Man Investment split: 100% linked to the performance of the FTSE 100 index Guarantee: Capital returned in full regardless of the performance of the index Yield: […]

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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