View more on these topics

Little hope of improvement with new-style with-profits

Advisers do not believe the next generation of with-profits products encouraged by Sandler with a 100/0 policy holder/shareholder split will be any improvement on the current model.

On the back of a series of bonus cuts, IFAs are fairly evenly split over whether the new-style withprofits would be effective but 51 per cent say they think the new products would be no improvement on the traditional model.

With-profits “the sequel” has been developed as a simpler version of the product, making it easier for clients and advisers to see what is being invested and where.

The new products would be ringfenced, with transparent charging structures.

Hargreaves Lansdown pensions research manager Tom McPhail says: “I am genuinely surprised by those results because in the long term, these new-style with-profits funds are the only way forward.

“If this is the case, then the underlying prospects for the with-profits sector do not look good.

“Yes, there are a lot of negative connotations which are attached to the withprofits name. Hargreaves Lansdown stopped promoting with-profits last summer and we are certainly not enthusiastic about them.”


No place for secrecy

A refusal by a UK insurance company to release figures to the public at large on the performance of endowment policies should not be taken lightly.Any insurer doing so is putting up its hands and claiming membership of a club that doesn&#39t believe in transparency but in secrecy instead.The insurer or insurers concerned may plead […]

Thames River Capital – Thames River Topaz Fund

Wednesday, 12 March 2003 Type: Hedge fund Aim: Growth by investing in global emerging markets Minimum investment: Lump sum $100,000 Place of registration: Cayman Islands Investment split: 100% in global emerging markets Isa link: No Pep transfers: No Charges: Initial 5%, annual 2% Commission: Initial 3% Tel: 020 7360 1200

Field&#39s scheme wind-up bill is blocked

Labour backbencher Frank Field MP&#39s Private Members Bill to amend the priority order on pension scheme wind-ups has been blocked by the Government. Field&#39s Bill would have given increased protection to members who had not yet retired by basing entitlement on numbers of years service rather than giving priority to retired members.

Invensys is first firm to lock up pension

Invensys, the blue-chip engineering group which is expected to fall out of the FTSE 100 this week, has become the first employer to lock final-salary members into its underfunded pension scheme.It is using Opra&#39s decision to allow schemes to defer transfers until new rules come in that will allow lower valuations, as reported in Money […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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