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Media reports of Standard problems exaggerated – Reid

National newspaper reports of concerns over the financial strength of Standard Life are an irresponsible overreaction says Syndaxi
Financial Planning partner Robert Reid.

Reid says it is to be expected that the FSA would probe the way Standard handles its accounts and says to extrapolate that to say investors should consider moving funds away from the life office is unreasonable.

Reid says: “A lot of the media reports around Standard have been rubbish. Anyone recommending people move out of Standard should be prepared to stand by that advice.”


Nationwide – 3 Year Tracker Mortgage

Type: Tracker mortgage Tracker term: Three years Tracker rate: Up to 95% of valuation &#45 Bank of England base rate plus 0.69%, up to 90% of valuation &#45 base rate plus 0.29%, up to 75% of valuation &#45 base rate plus 0.19%% Minimum loan: £1 Maximum loan: Up to 95% of valuation subject to a […]

Analyst plays down question over Standard solvency

The FSA&#39s statement on talks with Standard Life over the calculation of its balance sheet should not be interpreted as indicating the life office faces insolvency, says Commerzbank insurance analyst Roman Cizdyn. Cizdyn says the matter relates to a dispute between the FSA and Standard over the interpretation of accounting rules which are yet to […]

Portman and Staffordshire complete merger

Portman Building Society has completed its merger with Staffordshire Building Society. The combined society will operate as Portman Building Society but the former Staffordshire branches and head office will operate under the name of The Staffordshire.

On the four front

Times have been particularly challenging for IFAs over the last three years and 2004 is shaping up to be one of the most demanding. Mortgage advisers and lenders will have to cope with sweeping changes brought by the move to statutory regulation. Pension advisers will need to provide clear guidance to clients in the run-up […]


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