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Neville James harnesses teps and zeros

Ball says: "It is a flexible commission. However I would prefer a basic inbuilt commission which could be rebated to clients as considered appropriate, rather than a discretionary charge of up to five per cent."

Stevens says: "The commission is very flexible so that the IFA can set their own level. We would be likely to take three per cent initial and 0.25 per cent trail."

Looking at the product literature the panel is positive. Ball regards it as attractive and well written, while Laymond thinks that it is clear and concise. Bulgin says: "The product literature is comprehensive and is of good quality."

Stevens says: "The literature is good. It goes into detail to explain fully the two asset classes, which obviously helps to explain the investment to clients."

Summing the product up, Bulgin says: "This appears to be an innovative product, which should prove popular in a niche market."

Stevens concludes: "The ability to take what in effect can be a tax-free income is good. CGT is the only tax to look out for, but most clients never use their CGT allowances anyway."


Highly charged market

The Sunday Times recently accused the fund management industry of cheating investors and taking half of all investment growth in charges. Do you believe industry charges are too high? MB: It is value for money which is most important. Larger funds should have lower charges due to econ omies of scale – index trackers are […]

Misys takes aim at IFAs not UFOs

Misys IFA services is running a series of UK-wide roadshows for advisers in January based on the theme of Inde pendence Day aimed at pushing independent advice. The roadshows, involving 16 seminars, start a year-long Misys campaign pushing ind ependent advice and providing ongoing training for IFAs. The campaign will cost over £1m and has […]

Widows pension offers external funds

Scottish Widows is offering a stakeholder pension which gives policyholders access to external funds and pays standard Lautro commission levels. The company says its plan meets the Govern ment&#39s standards as well as offering access to a range of 17 investment funds managed by Widows and funds from Merrill Lynch, Schroders and Newton. Widows says […]

Merger madness to create a mega insurance group?

As the tumbleweeds blow round the derelict offices of Equitable Life, the insurance company to end all insurance companies will be born. The merger and acquisition frenzy of 2000 will culminate in the creation of the mighty ScottishAbbeyTSB CGNPru. But will even it be able to put a stop to Alasdair Buch anan making his […]

Johnson Fleming is a finalist at UK Pensions Awards 2016

The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]


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