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Howard hammers borrow now tax later Chancellor

Leader of the Opposition Michael Howard has hammered the Chancellor&#39s Budget describing it as a borrow now tax later budget from a borrow now tax later Chancellor. Howard slammed the party&#39s savings record revealing that the number of people saving has fallen by 5 per cent from 10 per cent to 5 per cent.

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Advisers back shift to culture of advice first, commission second

IFAs say they support the Treasury select committee&#39s criticism of the current remuneration structure in the long-term savings industry and agree that a cultural shift towards advice first and commission second is needed. John Scott & Partners investment manager Patrick Connolly says he believes any advice that can be biased by commission is detrimental to […]

Capita tipped for £20m PPML deal

Third-party outsourcing company Capita is being tipped to snap up Sipp administrator PPML in a deal rumoured to be worth £20m. PPML is owned by Winterthur Life but has been the subject of sale speculation for several months. Winterthur parent Credit Suisse put PPML up for sale in May 2001 with a price of around […]

Budget offers nothing for savers- Invesco Perpetual

Brown&#39s eighth budget is not a budget for savers and fails to offer any significant incentives according to investment house Invesco Perpetual. Pep and ISA provider Invesco says with no specific reference to ISAs included in the proposals it is not clear what the Government intends to do, so the industry has been left to […]

Threesixty helps with authorisation

Support service provider Threesixty is offering a suite of services designed to make it easier for mortgage and general insurance intermediaries to become authorised by the FSA. Partner Ross McArthur says the initiative is geared towards helping brokers make an informed decision by reviewing the full range of options open to them. Its aim is […]

State of the markets: UK equity income

Artemis Income Fund manager Nick Shenton discusses the state of the UK equity income market with journalist Alexis Xydias. With the first three months of 2015 showing strong returns for both the Artemis Income Fund and UK markets generally, Nick Shenton discusses the fund’s top contributors – including overseas holdings Novartis and Bayer – and […]

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