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Government should spend £56m on pf schooling

FSA chairman Howard Davies is recommending the Government spend £56m on new teaching materials for personal finance education and schemes to involve school children with local business.

Davies was asked by the Treasury to carry out the independent review of enterprise and education.

It says the time is right for the promotion of financial and economic literacy in schools and has been welcocmed by Chancellor Gordon Brown.


Wentworth Rose simplifies annuity application

IFA Wentworth Rose is simplifying the application process for people seeking higher annuity payments by combining the medical questionnaires they need to complete. Instead of having to fill out up to seven different forms, clients of Wentworth will only have to complete one in order to receive a quotation from annuity providers. Wentworth claims the […]

Lawyers have moved from fees

Will European law allow the FSA to force IFAs down the fee route?There is 17.5 per cent VAT on fees but not on commission. This is unacceptable.Who can force product providers to pay commission?I think they will switch from renewal commission to “servicing fees.If I wrote to all clients saying that we will have an […]

L&G reminder to IFAs over single premium market

Legal & General is reminding IFAs to take advantage of new business opportunities in the individual pensions single premium market before the end of the tax year. It says single premium business applies to key pension areas, such as transfers, pensions for children and non-working spouses and concurrent pensions. It has developed a ‘Wealth Generation’ […]

GNI Fund Management – Universal Fund

Friday 22 February, 2002 Type: Fund of hedge funds Aim: Growth by investing in hedge funds Minimum investment: Lump sum A shares $1m, B shares £25,000 Place of registration: Bermuda Investment split: 100% invested in hedge funds Yield: 10% gross a year Isa link: No Charges: Initial B shares up to 5%, annual A shares […]


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