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Out of context

•”We had these season tickets for Tottenham Hotspur but they hadn&#39t scored for ages and we could not pay brokers to go along.” – PAFS general manager Mike Douglas.

•”It&#39s easier to find an elephant in Harrods than for me to send an email.” – John Malone of Premier Mortgage Services on trying to get to gets to grips with the internet age.

•”Well, it&#39s certainly not Wuthering Heights.” -Aifa director general Paul Smee summarises the FSA&#39s latest policy statement.

•”I&#39m not feeling myself today, I&#39m feeling someone else.” – Chelsea Financial Services head of research Juliet Schooling.

Any Out of Contexts or Diary stories? Send them to Diary editor Alison Bone, email: or tel: 0207 943 8037


The true position on distribution

As we enter the new tax year, the tax relief on Isa income will be abolished. In anticipation of this and, in our view, mistakenly, many fund management houses have been suggesting distribution funds as a means for investors to protect themselves against this change. Distribution funds – funds with more than 60 per cent […]

Gender basis ban gets go-ahead from MEPs

A ban on underwriting insurance products on the basis of gender moved a step further while an amendment to protect execution-only business was approved in two separate European Parliament votes last week. The gender equality directive was approved by MEPs. It will prohibit underwriting life and general insurance products and annuities on the grounds of […]

Pru sets theme and doubles external funds

Prudential is boosting its external fund link range from 19 funds and three managers to 44 funds with a choice of six managers. The new range sees 18 funds from Barclays Global Investors, Baillie Gifford, Newton Investment Management, Northern Trust Global Investments and UBS Global Asset Management funds offered alongside 26 funds managed by Prudential&#39s […]

Regulatory &#39creep&#39 under scrutiny

The Cabinet Office is conducting a review into the Financial Ombudsman Service in addition to that already being carried out by the Treasury as part of its two year review of the Financial Services and Markets Act. The Cabinet Office&#39s Better Regulation Task Force is looking at the function of the FOS as part of […]


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


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