View more on these topics

IFAs lose market share in 1998

IFAs&#39 share of life and pensions business fell 2.1 percentage points to 40.4 per cent in 1998 from 42.5 per cent the previous year.

And the latest Association of British Insurers figures showed their tied rivals making inroads with company agents&#39 annual life and pensions business up 1.3 percentage points to 55.9 per cent in 1998 from 54.6 per cent in 1997.

But single premium life and pensions business for the IFA market rose 6.6 percentage points to 67.7 per cent for 1998 from 61.0 per cent for the previous year.

Company agents&#39 single premium life and pensions business slipped 7.3 percentage points last year to 30.6 per cent from 37.9 in 1997.



&#39Double jeopardy&#39 warning on Esops

IFAs are warning that the Chancellor’ proposed new all-employee share ownership scheme could jeopardise investors and compete head-to-head with AVCs. Industry experts fear that people who take up the schemes to enhance their pension provision could face the risk of double ruin if their companies run into trouble. The scheme is set to allow employees […]

Birmingham Midshires set to announce size of windfall payments

Birmingham Midshires Building Society says its one million members will know the size of their windfall payments by March 17.The society will become part of Halifax on April 19. It will then be free to distribute a £750m windfall to its members. Members who claim quickly should receive payment by April 29.

&#39League tables will bypass IFAs&#39 role&#39

The Government is being accused of undermining independent financial advice and misleading consumers by offering its own “back-door” advice.Enraged IFAs warn that the Chancellor&#39s plans for the Financial Services Authority to publish costs and charges league tables for savings, investment and pension products will lead to “misbuying” by confused consumers.They say the league tables will […]

DSS to give details of compensation for widows &#39misadvised&#39 over Serps

The Department of Social Security says that it will soon be releasing details of how people &#39misadvised&#39 about changes to Serps for widows can claim compensation.Pensions minister Stephen Timms told the House of Commons he did not believe that large numbers of people had been misadvised. But he admitted the DSS leaflets had not been […]


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