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IFA eyes up optometrists as target stakeholder market

IFA firm AFPS has teamed up with Legal & General to offer a stakeholder-compliant pension to members of the Association of Optometrists.

The scheme will be aimed at the AoP&#39s 6,500 membership of self-employed and employed optometrists. It will also target employers.

The plan conforms to the Government&#39s stakeholder criteria, with a reducing annual charge depending on the size of the pension fund. For funds up to £15,000, the annual charge is 1 per cent, reducing to 0.8 per cent for between £15,000 and £30,000 and 0.6 per cent for funds over £30,000.

AoP members will be able to apply online and gain further information on the plan through the AoP website.

AoP head of member benefits Steven King says: “Our new pension scheme will give all members access to low-cost pensions while at the same time allowing employers in the profession to meet the legal responsibility placed on them as of October 2001 to provide staff access to a pension plan.”

AFPS divisional director Robert Tinsley says: “Professional advice is the key to the success of stakeholder pensions. That is why the partnership between AFPS, the AoP and L&G is a winning combination.”


Berkeley links with Zifa for mortgage initiative

Zifa Mortgage Network has signed a deal with Berkeley Network members allowing them to develop their mortgage business online.Berkeley, which has 470 RIs and places itself as the fourth-biggest network, says the deal will ensure its members receive the “most comprehensive service package available”.The joint initiative means Berkeley advisers will receive training, support services and […]

Small is bountiful

Most of us know the story of David and Goliath – the tale of the young shepherd who defeated the veteran warrior with only his slingshot. An interesting story but could David have triumphed with one hand tied behind his back?The introduction of Isas in April 1999 broke new ground. Central to the proposition was […]

Swiss misconceptions

It is still a popular misconception that offshore investments are only for those people wanting to hide their money in secretive offshore accounts.The reality is quite different. Granted, the Swiss bank account image still exists to some extent. However, more and more international financial institu-tions are cleaning up the way they do business and anonymity […]

Commission control

As our regulator struggles to reinvent the wheel, yet again we return to the central and most fundamental issue within our industry.The whole question ofthe status of the client&#39s adviser, independent or tied, and how he is being influenced by the commission payment, is undoubtedly the key to client protection and adviser regulation.How many times […]

Greece: the sideshow continues

Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and the US. To read the full article click here.


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