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IFA Towry Law slams proposals

Towry Law has slammed pre-budget polarisation proposals giving the go-ahead to multi-tied advisers as a “potential disaster”.

The national IFA is angry at FSA proposals to phase out polarisation in favour of selling rules which it says will only confuse the consumer further.

Towry Law director Clive Scott-Hopkins says: “This is a potential disaster area as the investing public are not going to be able to differentiate between a genuine independent adviser and the tied agent, who may have access to a limited range of products and research facilities. The tied agent will be neither fish nor fowl.

“This is a step backwards if the Government&#39s true objective is to achieve greater transparency and does nothing to enhance the credibility of the financial services industry.”


Chancellor aims to widen share ownership

CHANCELLOR Gordon Brown has revealed a tax boost to employee share options in his pre-budget speech. The move sees the introduction of three measures aimed at encouraging more employees to take a stake in the ownership of their company. Brown hopes the measures will boost productivity by increasing employee commitment to growth in the enterprises […]

Schroder – Japan Active Value Fund

Friday, 10th November 2000.Type: Unit trust.Aim: Growth by investing in undervalued Japanese companies.Minimum investment: £1,000.Investment split: 100 per cent Japanese equities.Isa link: Yes.Pep transfers: No.Charges: Initial 5.25 per cent, annual 1.5 per cent.Special offer: Initial charge reduced from 5.25 per cent to 3.25 per cent.Offer period: Until January 31, 2001.Commission: Initial 3 per cent, renewal […]

R & SA may pay out up to £110m

Royal & SunAlliance said this week it expects to pay out between £80m to £110m as a result of the recent flooding and storms across the country. The insurer said it was possible premiums may rise in badly hit areas but did not think there would be a general rise across the industry. R&SA chief […]

Value added facts

I ended last week&#39s article with a brief consideration of the often-stated phrase: “My business is my pension”. In particular, I looked at the possible detriments of relying solely on this strategy for fut ure financial security, likening such a focus to investment in a single unquoted equity.While the IFA may not see this as […]

Investment Forum

Position Portfolios for a Changing China, Accelerating Disruption and More Political Discourse Is China an asset class? Why Investors’ Understanding of China is Changing How is disruption changing the way we invest? Established Ways of Doing Business Are Being Challenged What to Watch: Why politics matters more than ever in 2017 Key takeaways: Despite volatile […]


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