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L&G says e-commerce is on the rise

Momentum administrator Suzanne Attfield has become the 10,000th person to sign up to Legal & General online IFA centre.

The IFA-only extranet allows advisers to process term and Isa business online, get quotations, track new business and submit policy enquiries.

A survey carried out by L&G Investment Management found that people predicted an increasing role for the internet, with 75 per cent of respondents saying would be used more between trustees and fund managers and 52 per cent for trustees and scheme members.

The customer service survey also found a high level of satisfaction with LGIM’s understanding of client needs and fund range.


FSA may do more harm than good

The latest FSA commandment on past performance is a ban on its use in adver-tising in all but name. Perhaps some cunning copywriter will circumvent the regulations and actually advertise what a fund manager does but most managers will resort to brand advertising.The main thrust of the FSA&#39s proposals is that past performance cannot be […]

Providers set to continue with £5m regulation subsidy

A deal has been reached in the long-running negotiations between Aifa and the ABI, which will see providers contributing £4m to £5m a year to help subsidise IFAs&#39 regulatory costs, Money Marketing understands.Negotiations have been going on since before N2, with Aifa eager to continue the subsidy of between £4m and £6m that IFAs received […]

Falcon gets set to swoop on Aim

Falcon Group says it is preparing for a listing on Aim as soon as the FSA&#39s consultation process clarifies how the market will look.The company, which has been a strong defender of polarisation, says it needs City cash to increase its IFA numbers from the present 100 RIs to between 200 and 300 in the […]

Investors still expecting high returns despite market falls

Investors still expect unrealistically high rates of return from their investments despite stockmarket falls over the past two years, according to res-earch from Prudential.Almost one in 10 of the 1,000 investors questioned in late January said they believed a fair annual return on their investments was at least 8 per cent while almost 30 per […]

DB transfers – one more factor to consider

Jim Grant – Senior Product Insight & Technical Support Analyst We look at how higher DB transfer values could cause a lifetime allowance issue and how that affects the advice process. Advisers are receiving an increasing number of requests from clients looking to transfer their pension from final salary schemes to personal pensions. This is a […]


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