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FSA boss backs cut-price stakeholder advice

FSA chairman Howard Davies has thrown his weight behind the concept of cut-price advice for stakeholder pensions.

Davies was sharing a platform with e-commerce minister Patricia Hewitt, Money Marketing technology correspondent Ian McKenna and Advizas director of operations Peter Catt on the fringes of the Labour party conference in Bournemouth.

The debate, entitled ebusiness@labourconference, sponsored by Swiss Life, was broadcast live over web-cast, the first of its kind from a party political conference and took questions over the internet from IFAs and others around the country.

Davies said: &#34If the Government can simplify stakeholder then it is undoubtedly possible to simplify the advice requirement. If the product is simple it is perfectly posible to devise a cut down advice process. We are working on a decision tree with the DSS to allow people to answer a very simple series of questions to ensure stakeholder is roughly appropriate.&#34


Henderson offers discount on its tehnology fund

Henderson Investors is offering a 1 per cent discount on its initial charge for lump sum investments into its Global Technology Fund.The special offer is to celebrate the funds 15th year and is available until December 31.Henderson sales director Simon Ellis says: &#34Unlike most technology funds Henderson Global Technology is truly international in its outlook […]

Pru reshuffles top level team

Prudential has reshuffled its senior management team and created a new division to deal with the impact of e-commerce and stakeholder pensions. The new division is called the group pensions division and its chief executive will be Rodney Baker-Bates, currently managing director of Prudential Corporate Pensions. Baker-Bates will be joined at group pensions by Alan […]

Murray Financial calls for special meeting at Leek United

Murray Financial claims it has enlisted enough Leek United Building Society members to push for a special meeting on its takeover bid.Murray says it now has the 130 signature needed to demand the meeting, but Leek United says it is checking the forms to ensure they meets the necessary criteria.Murray Financial chief executive Ken Murray […]

Co-op bank enters internet banking with a smile

Despite the interesting choice of name the Co-operative Bank is aiming to wipe the grin off its rivals faces with the launch of its internet banking subsidiary new internet bank will go live on October 28 with a headline grabbing interest rate of 4 per cent gross on its flagship current account. The account […]

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.


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