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Hotter than July for &#39revolutionary&#39 review

The industry is bracing itself for the publication of Ron Sandler&#39s Treasury-commissioned review of medium and long-term retail savings in early July.

Senior industry figures are predicting the first two weeks of July as the likely time for publication of the eagerly awaited and feared report, saying that Sandler&#39s diary is known to contain a string of speaking engagements around that time.

The Treasury is also understood to have chosen a date that would give the FSA a week&#39s grace to digest the report so that it is not wrongfooted ahead of its annual general meeting on July 18.

The industry widely anticipates that the report will aim to revolutionise financial services. It is expected to deal with adviser remuneration, the structure of with-profits, IFA investment knowledge and standardisation of products.

As part of the long hot review summer, Alan Pick-ering&#39s DWP-commissio-ned review into the simplification of pension legislation is expected to be pub- lished in the next few weeks, as is the Inland Revenue review on pension tax simplification.

A Treasury spokesman says: “We expect to receive Ron Sandler&#39s report in early July and publish it shortly thereafter.”


Co-op offers green loan at a cool 4.99%

Co-operative Bank is extending its range of environmentally-friendly mortgages with the launch of a two-year green fixed-rate deal.The loan is fixed at 4.99 per cent until May 31, 2004 and is available up to 95 per cent loan to value.The loan has flexible features, including the ability to create a flexible fund which can be […]

&#39Equities going nowhere and BTL going bust&#39

The equity markets will show no significant returns for a long time as disillusioned investors opt for alternative investments, according to leading economist Roger Bootle.Bootle, an adviser to the last Conservative Chancellor Ken Clarke, told PIMS 2002 delegates that poor stockmarket performance over the last two years and scandals such as Enron have driven cautious […]

Clients to stay with IFAs after multi-ties

Almost two-thirds of UK investors seeking advice would switch to an IFA if their existing adviser were to multi-tie, according to research commissioned by Fidelity.Sixty per cent of the 426 investors questioned by Mori last month said they would move to a new IFA if their adviser multi-tied. More than half pledged to switch to […]

FSA review chief sees no future for with-profits

The FSA has sounded the death knell of the with-profits name after its head of with-profits review Eleanor Linton described the term as a misnomer and questioned its future.Speaking in London last week at the IBC conference on the future of with-profits, Linton said the with-profits name created confusion and questioned whether it applied to […]


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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