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L&G sees growth in IFA online business

Legal & General says rolling out its online business completion service to include mortgage decreasing term assurance has shown that IFAs will trade online.

L&G started offering mortgage decreasing term assurance online four weeks ago and says that 25 per cent of all new business applications for the product are completed online.

L&G IFA e-commerce account director Paul Measures says: “With intermediaries seeing the benefits of the improved speed of service we now have 8,000 IFAs registered to do business online.”


Fury at FSA &#39wish&#39 to be IFA

FSA plans to go head to head with IFAs by launching an online service providing specific financial advice have been slammed by the industry as a dangerous step.The website, which is on an FSA “wishlist”, would see the regulator offering financial advice on a range of products.It is thought that the service would aim to […]


Would the abolition of initial commission lead to the widening of the savings gap?“Yes. Because a lot of people at the bottom end of the market would not pay fees so they would not do anything about savings advice.”David Folland,Folland Financial Services“Possibly. We do not take initial commission but I expect a lot of IFAs […]

Barclays biggest loser of current accounts

Barclays has been the biggest victim of current account losses according to reports in a national newspaper.Independent research carried out by pollster Mori reveals that more people are closing accounts at Barclays than opening them. The bank&#39s net share of the 700,000 people who switched accounts in the year to end June 2001 left it […]

Polar Capital heads east to the sinking sun

Polar Capital is investing in the rising sun with the introduction of the Polar Capital Japan fund.The fund is a UCITS and is aimed at high-net-worth UK and expatriate investors with at least $100,000 to invest.Managed by James Salter, the fund will invest in medium to large cap Japanese companies, mostly ones which do the […]


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