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FSA to implement Sandler from April 2005

The FSA has announced that it will implement the basic advice regime in support of the Government&#39s proposed stakeholder products initiative from April 2005.

However, it will not be including the smoothed investment fund in the basic advice regime at this stage after consultation and consumer testing highlighted concerns about the product.

Director of retail policy Dan Waters says: “We remain concerned about the additional layer of complexity that smoothing represents in the context of basic advice, and the extent to which the benefits and risks involved can be explained to consumers in a balanced way in that process. We intend therefore to conduct further research based on examples of the smoothed investment fund that providers would propose to offer to prospective customers. Once that research is complete, the FSA Board will consider the question of the inclusion of this type of product in the basic advice regime.”


T. Bailey – T. Bailey Equity Income Fund

Type: Unit trust fund of funds Aim: Income and growth by investing mainly in equity income funds Minimum investment: Lump sum £1,000, monthly £50 Investment split: 80% equity income funds, 20% other investment funds and cash Isa link: Yes Pep transfers: Yes Charges: Initial up to 5%, annual 1.25% Commission: Initial 3%, renewal 0.5% Special […]

Product Matters

Standard Life has been quite adept atrein venting itself over the years. In the 1970s, final-salary scheme business; in the 1980s, it was endowments; in the 1990s it was money-purchase pensions, now in the new millennium it is turning itself into an admin company. The industry&#39s answer to Madonna? The launch of the Standard Life […]

NDF Administration – Growth Plan October 2004

Type: Capital-protected bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment:£10,000-£1m, Isa £3,000-£7,000 Term: Six years Return: 8 per cent of original investment at end of year one if index is at or above initial value, 16 per cent at end of year two, 24% at end of year three, […]

Independent view

It seems to me the FSA assumes it is easier to regulate a small number of large organisations than a large number of small ones. Experience tells us, however, that the opposite is true. If a large organisation decides to behave badly, all you get is a large number of people behaving just as badly. […]

How to balance bottom-up with top-down research in constructing multi-asset credit portfolios

In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]


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