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Out of Context: “I’m the chief executive officer of the People’s Republic of Transact.”

“I’m the chief executive officer of the People’s Republic of Transact.”

During a London conference Transact boss Ian Taylor hints a revolution could be in the offing.

“I’ve never seen Star Wars so no idea what any of you are talking about!”

Nucleus boss David Ferguson admits he’s no fan of George Lucas despite the platform sending out a marketing pack this week declaring war on ’the Empire’s ultimate weapon – the Life Office.’

“Because this weekend’s a third longer.”

A national newspaper advert from the Co-op’s ahead of the early May bank holiday. No wonder the banking arm is in trouble.


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Carney’s conundrum: How to tackle a regional housing bubble?

Policymakers are coming under increasing pressure to attempt to stymie what many regard as an overheating UK property market. But experts warn that many of the possible policy levers, such as paring back Help to Buy or capping LTVs, are likely to have little positive impact and the effects of ending the Government’s Funding for Lending Scheme […]


Govt amendment allows new VCT issues

The Government has amended wording in the Finance Bill to allow venture capital trusts to begin issuing new shares again. Last month it emerged that VCTs had been forced to stop issuing new shares after HM Revenue & Customs guidance made it appear the companies would lose their tax-efficient status if they did so. The wording […]

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FCA hints at Sipp commercial property cap-ad reprieve

The FCA looks set to reverse a proposal to force Sipp operators with commercial property investments to hold extra capital following criticism from the industry. In November 2012, the regulator set out how it planned to raise capital requirements for Sipp firms. It proposed increasing the minimum amount of capital a Sipp operator must hold […]

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Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.


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  1. I like the sound of Transact’s Ian Taylor, his and Transact’s, ” Independence”, and his ” Platform of Freedom “. I discovered Transact many years ago – and found the service and products most compelling. I was able to place clients – who are refused service at Scottish Widows and Stranded Life, part of the Life Insurance company ” Empire “, – with no Umpire ! It is interesting that sub stranded Life has set up a new wrap account – and changed the charges more times than they changed their over charging on pension funds – ” because they can “. The volume of business being ” attracted ” or churned into their wraps eg standard life Aviva etc., needs monitoring by their ” umpire “, the regulator The FCA – who would ask these Life Assurance company platforms – where their business comes from I.E. is it completely New Business or are their ” agents ” churning ” or in their view ” consolidating ” form a life assurance perspective – rather than an Independent Wrap account perspective like Transact or Nucleous. From a personal perspective we know insurance companies – from the ” mutual ” mould – use their with profits funds to generate the necessary money to finance their many various activities. Has standard life used their with profits funds – to cross subsidise their ” new wrap ” ? ? ? ? If so how does this affect their solvency ? Has any one checked ? It is interesting that Conservative Grandees like Win Bischoff ( ex Chairman of Scottish Widows and LloydsTSB Group ) – has been replaced with another Conservative Grandee Chairman – to influence and bend the ears of Government – or influence or provide biased reporting – to manufacture a false industry – based on Scottish widows ” Big Guns “, for their own personal benefit – rather than provide any competition or proper working practices – of Treating Customers Fairly .. .or keep accurate records . . . or solvent . . . . . .I thought the sale of Scottish widows to the Co Op would have been a great escape for the losers at state backed, tax payer backed LloydsTSB Group . . . .

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