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Monkey business

I have read somewhere claims that if a sufficient number of primates are locked in a room with keyboards for long enough, then eventually one of them will replicate a Shakespeare play. In the past, I have viewed this claim with scepticism but a recent event has led me to reconsider.

I am, of course, referring to the plethora of sanctimonious drivel emanating from the Financial Services Authority which, incidentally, is rumoured to be changing its name to the Fatuous Solutions Agency in this new dawn of consumer clarity.

In recent weeks, industry publications have been submerged beneath a mountain of statements from our illustrious mentors suggesting that decimation, sorry, depolarisation, is in the best interests of us all.

But just as I had given up all hope of reality, an honest assessment came forth. I refer to one sentence in the statement published in last week&#39s Money Marketing from David Severn, FSA head of conduct of business. “It is nonsense to suggest that the FSA&#39s proposals will force present IFAs to become multi-tied or, indeed, go out of business. The choice is entirely theirs.”

Give that man a banana.

Paul Busby

Partner, CP Walker & Son,

Beeston, Nottingham


Investment view

There is a gathering body of evidence to suggest that the US economy bottomed some time towards the middle of the fourth quarter of 2001.Assuming the figures released last week are not revised in retrospect, this could turn out to be one of the shortest US recessions on record. No wonder Alan Greenspan signalled the […]

Standard Life reprices EPP

Standard Life has ditched its existing range of occupational pensions in favour of single charged plans.The single priced range consists of an executive personal pension (EPP) group plan, group additional voluntary contributions and premier small self-administered scheme (SSAS).Looking at the EPP in more detail, it provides access to 20 Standard Life funds that cover areas […]

Standard Life – Group Additional Voluntary Contributions

Type: Group AVC. Minimum premium: Monthly £20. Minimum group size: 10. Minimum-maximum ages: 16-75. Fund links: Sterling one, fixed interest one, property one, protection one, structured one, indexed-linked one, managed one, ethical one, international one, stock exchange one, Far East one, European one, Japanese one, North American one, Pacific Basin one, UK equity one, Tracker […]

Securehealth – Options

Tuesday, February 5, 2002.Type: Private medical insurance.Minimum-maximum ages: 18-74.Maximum benefit: No maximum.Cover provided: Option 1 full inpatient cover, option 2 full inpatientcover plus outpatient cover up to £1,000, option 3 full inpatient andoutpatient cover. Procedures covered -surgeon and anaesthetistfees, physician fees, theatre charges, consultants fees,physiotherapy, diagnostic procedures, MRI/CT scans, radiochemotherapy, alternative practitioners, drugs, dressings, medicines,home […]


School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]


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