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IFAs keep their trust in bond benefits

Almost three-quarters of advisers use both insurance bonds and collectives for investment planning, says Zurich.

Its survey of 707 Sesame advisers shows that 74 per cent of intermediaries use bonds and collectives while 12 per cent use only bonds and 14 per cent use only collectives.

The research shows that 98 per cent of advisers believe that the features and benefits of investment wrappers are equally important as or more important than their tax treatment.

Sesame investment research manager Ian Clarke says: “People often try and define the bonds versus collectives debate as a war where one wins and the other loses. This should not be the case. Advisers must focus on what is the most suitable product, in what circumstances and what segment of an overall portfolio.”

Zurich UK Life investment management director Paul Wright says: “It is immensely encouraging that advisers have not given a kneejerk reaction to the capital gains tax changes made in the Budget. The vast majority are taking an holistic and rational approach to financial planning and are considering all tax wrappers when making a recommendation.”


FSA directors scoop the rewards of failure

The FSA has sought to make the principals of financial services companies personally liable for the financial consequences of regulatory failures on the part of those companies. By the same token, should not the directors of the FSA be held accountable for the financial consequences of the FSA’s failure to regulate? Most right thinking people would consider that they certainly should be.


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