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IFAs must act to ward off snooping

The so-called “war on terrorism” is in danger of becoming an authoritarians&#39 charter, restricting our liberties as the Government authorises snooping on all our communications data.

If this move is allowed through Parliament it will soon be possible, without the need for a court order, for phone calls, internet transactions, emails and the post to be intercepted.

IFAs should protest while we still have the power to act, for guess who is on board as well as seven Government departments – the FSA.

The FSA already acts without check from the courts and it now expects to enjoy the status of the KGB – snooping night and day on everything we do. Mobile phone location surveillance will be able to tell it exactly where we are.

Once lost, freedoms are hard to reinstate. Snooping should be nipped in the bud. While we are still free to communicate, our MPs should be left in no doubt that this is a step too far.

Roy Bennett

Hackbridge, Surrey


Axa and Pru putting WP fences up with reviews looming

Axa is shutting its doors to new IFA with-profits bond busi-ness, while Prudential says it could ringfence its £70bn fund in anticipation of recommendations from the Sandler review.Axa deputy chief actuary Peter Shelley says the move is a temporary measure but he could not guarantee the firm will re-enter the market and claims it is […]

Selestia completes IFA range with four firms

Multi-manager platform Selestia has signed up four new fund companies, including Cofunds&#39 backers Threadneedle and M&G, in a move it says completes its offering to IFAs.Threadneedle&#39s and M&G&#39s, exclusivity contracts with Cofunds expired recently. They will join with New Star and Govett Investments to boost Selestia&#39s range of funds from 200 to 225 and managers […]

ScotLife adds 16 links for Solutions

Scottish Life is adding 16 fund links to its Retirement Solutions pension range, including four manager of manager funds from Escher.The funds bring new asset classes and geographical sectors, tracker funds and three new investment managers, SG Asset Management, Barclays Global Investors and Escher.The links include Royal London&#39s corporate bond fund, global equity, Japan and […]

Improved sales by Raising Standards

The nine Raising Standards-accredited companies now account for 39 per cent of all new life and pension business written by ABI member firms, up from 33 per cent for the first quarter of last year.The figure rises to 41 per cent of all IFA life and pension business from the eight companies distributing through IFAs. […]

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Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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