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Investec man for Dresdner

Dresdner RCM Global Investors has recruited a new head of marketing from Investec Asset Management.

Nick Smith (pictured right) will join the company on October 2 and will take responsibility for all of Dresdner&#39s UK institutional and retail marketing. The newly created position will bring together sales support, product development, e-commerce, multimedia, and communications functions.


Abandoned clients add to concerns over drawdown

IFAs and product providers fear income-drawdown policies could be plunged into fresh controversy over so-called “orphan plans”.Orphan income-drawdown policies are cases where an adviser takes the maximum up-front commission and then goes out of business, leaving the policyholder with no one to turn to for advice.With no further commission available for ongoing advice, other IFAs […]

Horses for IPA courses

How should with-profits be ringfenced within stakeholder?TM: If with-profits is to be offered in stakeholder, it should have a clear and explicit annual management charge, it should also be segregated from any other with-profits assets and should have thefull value of any investment growth added on a daily basis.Under the terms of stakeholder, no market […]

Lambeth increases commission

Lambeth Building Society has changed its lending criteria and increased the commission paid to IFAs.For every completed mortgage, IFAs can now earn the greater of £200 or 0.2 per cent.Higher rates are available for IFAs who introduce bulk amounts of mortgage business to the Lambeth.Lambeth says it recognises the loss of income to IFAs resulting […]

Network setting up with share schemeto pull in 1,500 RIs

A new network plans to recruit 1,500 registered individuals in five years by offering advisers shares, low charges and state ofthe art technology.The network IN Partnership wants to entice IFAs, solicitors and accountants who do financial services business and former tied salespeople by handing out a total of 700,000 shares in the new company.Crawley-based IN […]


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