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One year and counting to stakeholder

The introduction of New Labour&#39s stakeholder pensions is exactly one year away.

The final countdown to the launch of the controversial pension project has

begun with the Government maintaining its hard-line stance on the 1 per

cent cap by making no provision for advice despite industry concerns about


Money Marketing begins its Surviving Stakeholder series to help IFAs cope

with the change in the year ahead of the biggest pension revolution to


This week features Standard Life Healthcare&#39s new approach to pmi to make

up for the loss of business to stakeholder. The industry is also poised for

innovations in offshore products plus greater emphasis on term insurance

and long-term care. Money Marketing aims to highlight the opportunities for

advisers and to bring news of creative solutions.

Torquil Clark pensions development manager Thomas McPhail says: “There

will be a great deal of change in the pensions arena and the way business

is done which will continue as the impact of stakeholder takes hold.

Advisers will be looking to the likes of Money Marketing for guidance.”


Martyn quitting IFAP for dotcom

IFA Promotion managing director Ann-Marie Martyn is poised to quit amidreports she has proposed taking IFAP into a dotcom operation she is set tojoin.Martyn called an urgent meeting last week to tell the board she has beenoffered a position at an internet company involving former Money MarketingIFA of the Year Roland Rawicz-Szczerbo of Quay Associates.Martyn […]

Treasury Cat stance another example of reckless action

The Treasury&#39s decision to outlaw fees for recommending a Cat-standardmortgage reveals its complete ignorance of financial services. It is theflawed logic of stakeholder taken to its absurd conclusion.The Treasury is under the impression, not just that IFAs should do charitywork in their “spare time” but that they should operate their businesses ascharities too.In practice, this […]

Julian Gibbs

At last, the technology sell-off has arrived – and not before time as manyshares were much overvalued. Such excellent shares as Baltimore, CMG, Sageand Logica are all 40 per cent or more off their year&#39s highs.Baltimore, for example, is 53 per cent off its 12-month high but is stillnine times its 52-week low.This is the […]

FAS says no need for panic as legislation is put back

Legislation underpinning the FSA will not come fully into force until 2001because the regulator needs more time to define its day-to-day role, saysthe Treasury.The Government and the FSA say the recent huge raft of amendments tabled bythe Conservatives in the House of Lords is not to blame for the delay.The process will take longer because […]


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