View more on these topics

IFAs support training

Over 90 per cent of IFAs support the idea of compulsory training in areas such as post-retirement planning, according to Winterthur Life research.

Winterthur says the findings of the survey, conducted in October among 214 IFAs, are set to fuel the debate on the level of training that IFAs should undertake.

According to Winterthur, the survey also found that pension minister Ian McCartney is out of sync with IFAs.

When asked whether they agree with McCartney&#39s recent comments that changes to annuity regulations would only benefit the rich, just 50 per cent of IFAs answered positively.

Winterthur says it intends to send the findings to the pension minister in an effort to persuade him to change the law.

Sales and marketing director Mike Kellard says: “We are a leading player in income drawdown, one of the more complicated products available. We see training as a vital component in the selling of this type of product and, indeed, all post-retirement options, so we are pleased that IFAs appear to endorse our thoughts.”

Recommended

Bupa – Health Additions

Thursday, December 13, 2001.Type: Healthcare cash plan.Minimum premium: £10 a month.Minimum maximum ages: 16-no maximum.Maximum benefits: Chiropody £90, dental £90, optical £90, hearingcare £90, GP costs £50, prescription costs £20.Deferred period: Three months.Commission: Initial 20 per cent until June 30, 2002, thereafter 10 percent.Tel: 0500 000125.

FSA warns of overstretching in buy-to-let market

The FSA has issued a caution about buy to let as part of a series of product warnings. Managing director John Tiner says lenders must manage their exposure carefully and borrowers should be wary of over-reaching themselves. He warns that lenders must take account of potential affordability problems of borrowers looking to fund their investment. […]

Flight urges FSA to push troubled life offices into mergers

The FSA should urge troubled life offices to seek buyers and consider mergers to avoid a future Equitable Life-type debacle, says Conservative frontbencher Howard Flight. As the FSA moves towards redefining its role as the insurance regulator, Flight, the Shadow Paymaster General, says it should push life offices which have unreasonably high debt to asset […]

Bristol & West – Guaranteed Equity Bond Isa

Wednesday, December 12, 2001.Type: Guaranteed equity bond Isa.Aim: Growth by tracking the FTSE 100, Eurostoxx 50 and Nikkei 225indices.Minimum-maximum investment: £500-£1m.Investment choice: 100 per cent tracking FTSE 100, Eurostoxx 50 andNikkei 225 indices.Term: Five or six years.Guarantee: Capital returned in full at end of term regardless ofmovement in indices.Return: Capital returned in full along with […]

Value remains within European equities

By Rob Burnett, Neptune European Opportunities Fund

In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com