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NU wraps up retirement products

Norwich Union is packaging a range of products for the retirement market into one proposition to provide a comprehensive offering for people approaching retirement.

The package, marketed under the strapline &#39for the life your clients deserve after work&#39 has been designed to help IFAs offer clients greater flexibility in retirement and highlights the breadth of provisions available to meet individual needs.

Head of retirement and protection Willie Mowatt says: “We believe that no other provider offers such a comprehensive range of retirement products that have been packaged in such a way as to focus attention on the real benefits and flexibility that&#39s available.”


FSA has no power to cap IFAs&#39 fees

Apparently, the FSA&#39s Michael Foulger is considering a cap on the fees IFAs can charge because “fees prevent people from getting advice”.At what point did the FSA acquire powers to determine the pricing policy of independent businesses?I am pretty confident that they do not have such powers and this is another example of a senior […]

&#39Give employers role in preventing misselling&#39

The pension misselling scandal could have been avoided if employers had been encouraged to give financial advice to their employees, says Conservative Shadow secretary of state for work and pensions David Willetts.As the Financial Services Act 1986 did not permit employers to advise staff about their occupational schemes, Willetts says a lot of them did […]

IFAs warn public may be misled as FSA issues tables

IFAs have accused the FSA of encouraging investors to seek lower-charging investments despite industry warnings that cheaper charges do not equate to good performance.The publication last week of the FSA&#39s unit trust and Oeic comparative tables initially for UK growth funds has led IFAs to accuse the FSA of contradicting its own mission statement of […]

Investlife goes after eight

Investlife Luxembourg, a sister company of Pinnacle Insurance, has introduced the premier income and growth bond that is linked to the performance of eight industry sectors across Europe including the UK. The premier income and growth bond tracks the performance of the largest stocks in the auto, energy, banks, insurance, food & beverages, media, chemicals […]


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