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Misselling scandal for equity release almost certain – Durlacher

Investment bank Durlacher says it expects an almost mandatory misselling scandal for equity release, which it says will be used to release funding for long term care, and to cover pension shortfalls.

It predicts that the market for equity release will grow, and that the FSA will end up having to bring home reversion under its regulatory umbrella. It says most equity release products will be sold by IFAs.

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Webb slams Government over failure to provide accurate pension wind-up figures

Liberal Democrat work and pensions spokesman Steve Webb has slammed the Government for failing to produce accurate figures to assess the scale of the problem of pension scheme wind-ups. Speaking at the Opposition half day debate on pensions Webb used estimates from independent consultant Ros Altmann and the Pensions Action Group that indicate there are […]

Network looks for tech-friendly advisers

Former In Partnership dir-ector Shin Yamada has lined up 20 IFAs to join his new network project called Keystone Advisers Partnership. Yamada says he wants to get around 50 RIs on board and is offering a flat fee service which he says will beat most other networks for IFAs with annual turnovers of more than […]

Loan network offering interim AR contracts

Mortgage network Networkone is offering an interim contract deal to sign up appointed representative firms ahead of mortgage regulation at the end of October. It has issued 70 interim contracts for appointed representative firms and is in negotiations with another 100 companies. The firm plans to offer free membership for ARs who meet sales targets, […]

Special treatment

The diversity and sophistication of the annuity market offers considerable opportunity for advisers who can provide a multifaceted level of research and admin. In practice, however, few firms have the time and resources to specialise in a market which is growing rapidly in complexity and range. The time has come to take stock and, where […]

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