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FSA announce changes to phase 2 of pensions review

The Financial Services Authority and the Personal Investment Authority are announcing further key policy decisions for phase 2 of the pensions transfers and opt-outs review regarding the treatment for rebate-only cases.

The Policy decisions are:

Investors with rebate-only policies who fall within the phase 2 rebate-only population and were aged 30 or more at the time of sale will receive a”direct invitation” to request a review. This will incorporate material enabling them to make an informed decision, in the same way as other investors within phase 2.

Investors with rebate-only policies aged under 30 at the time of sale will receive an FSA factsheet. This will alert them to the desirability (for most people) of membership of an occupational scheme if they have access to one now and/or of themselves contributing to their pension, and remind them of their continuing right to request a review of advice given in the past.


IFAs urge SOFA to extend training guidelines

IFAs are urging the Society of Financial Advisers to introduce the guidelines it has drafted on quality training into the financial services market place.The guidelines were drawn up by senior trainers in retail finance to establish a uniform standard of training across the market and raise standards in the provision of continuing professional development.SOFA vice […]

Analysts urge companies to consider share buyback schemes

Analysts are urging companies to consider share buyback schemes as a means of raising capital in the wake of the economic downturn.They are forecasting that the total of British share repurchase programmes could be worth £15bn by the end of 1998.This figure represents a 275 per cent increase from last year.High profile companies such as […]


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