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IFA response to Standard results

Master Adviser managing director Doug Brodie says: “I thought the figures looked good bearing in mind the reduction in sales. I would hope that they are now going to focus on profits and not distribution.”
Brodie welcomes the changes in reporting standards that will mean he will be able to compare the providers alongside each other but says: “It is slightly disturbing to see the group slash its stake in equities in the with profits fund and one wonders if it is a case of closing the stable door after the horse has bolted.”

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GMAC deal better for remortgages

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“No, there are other factors to take into account when choosing with-profits bonds.” Susan Brassey, Susan Brassey Independent Financial Consultant “I would consider it more but I have a feeling with-profits will take a year or so to get back to normal.” Edwin Kelly, Edwin Kelly & Co “A guarantee has got to be comforting […]

Elderly face tax bill from Revenue review – STEP

A Government review of inheritance tax law may mean thousands of elderly home-owners and farmers will receive unexpected tax bills from April 2005 warns the Society of Trust and Estate Practitioners. The impact of the review of pre-owned assets and gifts with reservation could lead to unforeseen income tax liabilities arising, says the STEP. The […]

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