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‘Multi-ties are poor value’

The Jelf Group says it is committed to staying independent as it believes multi-ties are poor value for clients.

Commercial director Phil Barton says a name change may be needed, perhaps to include independent. He says multi-ties are all about commercial benefit and there are no real client benefits.

Barton also says that Jelf will move towards being a fee-only IFA. Jelf advisers already charge a fee for inheritance tax and pension planning.

Barton says: “I am surprised at the lack of thought IFAs are giving to this issue. They need to invest time and effort in getting this right.We are adamant about our IFA approach.”


FSA will choose costlier and more confusing route

Reading about Nick Bamford’s ire over the way in which Barclays are representing the financial services they can provide to their customers, I feel entitled to point out that this is exactly what I predicted several months ago whenDavid Severn was spouting on about how great depolarisation was going to be for the industry and its consumers (we knew it was baloney then and now we know it even more).

No party can claim control of stock market

No political party can claim the stock market has performed best whilst under their control, according to research from Halifax Financial Services.Halifax measured the performance of the FT30 index during the three months before and after each of the 10 elections since 1966, as well as the performance of the stock market during the Governments […]

Morley adds two to global team

Morley Fund Management has added two analysts to its global equities team.John Wilson and Nicole Mardell join from HSBC Asset Management in Tokyo, and First State Investments in London.

DWP announces new rules on state pension deferral

The Department for Work and Pensions has announced its new rules on state pension deferral, effective from April 7.People choosing to defer their state pension can now opt for a one-off taxable lump sum or a weekly increase, when they do decide to claim. In order to be eligible for the lump sum option, people […]


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