View more on these topics

FSA probes with-profits bond sales

The FSA is examining with-profits bonds to see if consumers need to be protected.

Sources within the FSA confirm it is approaching all with-profits bond providers for copies of their marketing literature. It is thought it will then approach IFAs and other distributors.

One life office insider confirms the company has been approached by the FSA and has handed over marketing material. The source says the FSA is looking at the way providers present potential returns.

With-profits bonds have come under fire from the Institute & Faculty of Actuaries for high commission rates and vagueness surrounding return calculations.

Aifa says it is unlikely the FSA will create a Catmark for bonds. Director of policy and technical services Fay Goddard says it is more likely that marketing guidelines will be issued.

FSA spokeswoman Jac-kie Blyth says: “We have said it is in our radar. We want to ensure that people are understanding what they are entering into.”


Deutsche Post to partially privatise

German-owned post office Deutsche Post is to be valued at up to £15bn (26bn euros) after partial privatisation next month. Europe&#39s largest logistics group will set the final price on November 19 with trading in Frankfurt starting the following day. Deutsche Post are keen to attract private investors and are offering a discount of 0.5 […]

Sink or swim as Perpetual faces merger

Perpetual has finally found itself a buyer after six months of talks, bids and rumours.Since May, such illustrious names as JP Morgan, CGNU and Allianz have been linked to the Henley-based fund man-ager. But with the signing of a £1.05bn deal by US investment house Amvescap two weeks ago, the process has swung full circle, […]

MPs turn spotlight on Axa orphan cash

MPs are urging the Government to ensure policyholders get their fair share of orphan asset cash in a debate in the House of Commons this week.LibDem trade and industry spokesman Vincent Cable will use an Opposition day debate to warn that the interests of policyholders may be neglected unless the Government takes action to protect […]

Tep in the right direction

Endowments have become something of a dirty word over the past few months and AAP has seen a sharp increase in the number of policies being sold.Many of these sales have been for genuine reasons but at least 10 per cent have been panic sales as a result of the endowment furore.This is the last […]

Global income: preparing for a rate rise…

In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]


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 thought leadership.

    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