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IFAs just can&#39t be trusted – new survey

IFAs are less trustworthy than estate agents and bookies – according to most respondents of a new survey by The Motley Fool internet website.


An IFA&#39s impartiality and ability to give independent help is compromised by the levels of commissions they get paid, according to about 60 per cent of the 1,000 people asked in the survey.


A lowly 28 per cent believe IFAs can offer unbiased investment advice.


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Colonial on acquisition trail

Colonial is seeking to buy a building society and fund manager following the recent shutdown of its IFA life and pensions operation.The Australian-owned life office is understood to have looked at Stroud & Swindon and Skipton in addition to targeting a fund management operations.Colonial ditched its IFA life and pension arm last month, spelling the […]

PPP head quits

PPP healthcare head Peter Owen is quitting the Sun Life & Provincial group.Owen was the last surviving director of Guardian Royal Exchange, which Axa Sun Life bought for £3.5bn nine months ago.Axa Sun Life insists the departure was amicable.

National Savings – High Interest Account (inserted 4/11/99)

Type: Bond offering fixed rates over a choice of terms with the option to take annual or monthly interest.Minimum-maximum investment: £500-£1m.Interest rates: 6 month term – £500-£19,999 – 5.45% gross (annual interest), 5.3% gross (monthly interest), £20,000-£49,999 – 5.65% gross (annual interest), 5.5% gross (monthly interest), £50,000 and over – 5.85% gross (annual interest), 5.65% […]

Bank of England announces 0.25 per cent rate rise

The Council of Mortgage Lenders has welcomed the announcement by the Bank of England today that interest rates will only rise by 0.25 per cent.CML director general Michael Coogan believes the move should not dent the healthy housing market although it may help dampen down local &#39hot spots&#39.He says: &#34The CML has been anticipating that […]

Global income: preparing for a rate rise…

In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]

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