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Hargeaves warns on R&SA with-profits

People still paying into Royal & Sun Alliance with-profits funds should stop doing so now and seriously consider pulling out altogether, says national IFA Hargreaves Lansdown.

Hargreaves Lansdown, which advises against paying into with-profits funds across the market, is warning of “clear parallels” between R&SA and Equitable Life.

It says relatively low exit penalties for pensions products means consumers should look seriously at pulling their funds out of R&SA.

Hargreaves Lansdown head of pensions Tom McPhail says: “If you can move away without penalties then you should seriously consider getting out of Royal & Sun Alliance.”


Future Mortgages wants Mig rethink

Specialist lender Future Mortgages is calling on the industry to review the use and application of mortgage indemnity guarantees, used by lenders as insurance against customers who default, because they do not offer any benefits to borrowersIt says with house prices nearly 20 per cent higher than this time last year there is a serious […]

A standing innovation

Henry Ford is reported to have said that “you can&#39t build a reputation on what you are going to do”. This rings true in the intermediary mortgage market where competition is fierce and reputation rules. The advent of the centralised mortgage lender in the mid-1980s was a real catalyst for growth in intermediary lending in […]

Calculating PI

Professional indemnity insurance is a necessary evil for all people engaged in advice. The complicated nature in which PI works leads to disputes and problems. The pension review has given a large number of headaches to advisers as the definition of a “notifiable event” is not always clear. What constitutes a notifiable event? A compliance […]

&#39Go North to boost buy-to-let yield&#39

National mortgage broker Park Row is recommending buy-to-let clients to spread their investment from the South-east to the North to boost returns. It says landlords are buying properties in the North to reduce the focus on the South-east, where yields have fallen from 10 per cent to 4 per cent over the past year. The […]

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]


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