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IFA calls for unbundling of investment charges

IFA Best Investment is calling for the cost of advice to be stripped out of investment products.

It believes the move will prevent investors, who do not wish to take advice, being penalised by high commission charges.

Currently the charging structure on many investments builds in the commission charges, even if no is advice taken.

Best Investment says it now plans to offer its clients investment advice at discount broker prices.

Best Investment managing director John Spiers says when it offers advice on unit and investment trusts it will rebate the initial commission to its customers. It will receive remuneration from renewal commission only.


Friends Provident International launches with-profit bond

Friends Provident International has launched a with-profits bond offering a guaranteed first-year bonus rate of up to 10.25 per cent.The International With-Profit Bond (Series 2) which is only available to ex-patriot clients, has an underlying bonus rate of 7 per cent a year. This is enhanced during the first year, dependent upon the size of […]

Winterthur Life proposes stakeholder criteria for GPPs

Life office Winterthur proposes that the newly-permitted stakeholder GPP&#39s should meet a new set of criteria. It says employer&#39s contributions should match employee contributions up to a defined limit, tax concessions should be linked to a cap on total charges and there should be minimum administration requirements.The life office believes the GPP should adopt a […]


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