View more on these topics

IFAs advising investors not to panic

IFAs are advising clients not to panic despite the uncertainty that surrounds the financial world as the New York Stock Exchange remains closed, possibly until Monday.

Firms are expecting a rush of calls as investors&#39 attention turns from the enormity of the event in the US to the safety of their own investments.

IFAs have been advising investors to stay calm and wait for a clear assessment of the market before acting.

Chase de Vere investor services manager Anna Bowes says: “Panic selling is the worst reaction because you are usually selling at the bottom. Investments should be made for the long term and we can&#39t really speculate until US markets open on Monday.”

Bates Investment head of research James Dalby says: “Investors need to ask whether they think equities will outperform cash in the long term. We think they will and so investors have got to hold their nerve. But some investors are bound to be rattled by what has happened.”


Equitable announces MVA up to 10 per cent

Equitable Life has upped its market value adjuster to 10 per cent from 7.5 per cent, following the market turmoil after the barrage of terrorist attacks on the US.The 10 per cent exit penalty will apply to all non-contractual terminations of policies with immediate effect until further notice.Chief executive Charles Thomson says: “World stock markets […]

Once again, who can beat WP?

Brian Newbould&#39s offering entitled, Rough on the smoothing (Money Marketing, August 30) is infantile. I would once again ask the question “Who can beat the returns on with-profits?” Certainly, regular-premium contracts have no long-term equal. I have been around 30 year, I have sold policies and I have seen them mature. I have taken the […]

&#3986% missing out on net opportunities&#39

Financial services companies are not making the most of the internet, according to research from the Institute of Financial Services. At the Unisys global financial industry conference in Nice last week, the IFS revealed that 86 per cent of companies questioned in a survey had not made the most of online opportunities. It pointed particularly […]

Fund firms want more supermarket start-ups

Fund managers are calling for more IFA fund supermarkets, claiming that providers and intermediaries would benefit from more competition. Fidelity&#39s FundsNetwork and Cofunds have dominated the IFA fund supermarket race, with only Skandia providing serious competition. While the direct market has been saturated with new entrants, Legal & General and Norwich Union are the only […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm