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IFAs say interest rates and indexes will be higher in 2003

IFAs believe both interest rates and the markets will be higher than they stand now at the end of 2003 according to research from Liverpool Victoria.

The survey of 200 IFAs reveals they believe the Bank of England Base Rate will be higher than its current 4 per cent and the FTSE-100 will head upwards from the 3,900 it is at.

Fifty-eight per cent of IFAs believe interest rates will be higher and 42 per cent think the index will be go up as well.

Liverpool Victoria Group director of IFA distribution Rye Mills says: “After such a difficult year in the investment markets it is encouraging to see that the majority of financial advisers are reasonably optimistic about the markets turning the corner in 2003.”


Revenue disallows goal

Over the past few weeks, I have been looking at employee benefit trusts, how they work, how the rules operate and, in particular, how the Inland Revenue appears to be less than happy with them. If confirmation that this was true was needed, we got it in the shape of:•The (unsuccessful) Inland Revenue arguments in […]

Britannia International bond reaches 12th issue

Britannia International has established the 12th edition of its guaranteed capital equity bond.This issue of the bond offers growth potential of 35 per cent gross over five years. The bond returns investors&#39 original capital whatever happens to the FTSE 100 index during the term. Investments will accrue a fixed rate of interest at 6 per […]

L&G accused of shunning IFA business as the axe is taken to EPP commission

Legal & General is to stop paying commission to IFAs on 10-year executive pension plans and has slashed rates by nearly half for 15-year business.Commission on new EPP business over 15 years will be cut to 80 per cent of Lautro rates from 140 per cent, which IFAs claim effectively shuts down new business through […]

Failed mortgage venture costs B&B £10m

Bradford & Bingley is writing off £10m to end its European joint venture with software firm Alltel, claiming the mortgage outsourcing deal has failed to deliver.Alltel and B&B entered an agreement to develop and sell new mortgage service systems two years ago. But B&B is bringing the servicing of its own borrowers back in house, […]

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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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