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Pecking order is plain to see

In response to Philip Robinson&#39s letter (Money Marketing, April 6, 2000),

of course I understand the pecking order of our “regulatory” system.

This is why I went to great lengths to use the generic term “regulator”

with a small r. I am simply pointing out that there is an inconsistent

approach to differing business sectors.

Certainly, opt-out and non-joiners needed reviewing but to carry on

reviewing transfer business that cannot be shown to be suffering a loss is

only fuelling the continued lack of consumer confidence.


Low-tax spread

I am a director of a leading property company and my current shareholdingin the business is valued at £243,000. I have no other equity investmentsof any significance. However, I am concerned at having such a highproportion of wealth tied up in the fortunes of just one company. Could youexplain to me how I could create […]

Government to change annuity rules

The Financial Times reports that the Treasury is planning to raise the annuity age limit to 80 from the current 75.The decision follows extensive lobbying by trade groups and MPs who see the move as providing greater flexibility to pensioners looking to invest.As the law currently stands, individuals must either buy an annuity or take […]

Clause chaos on seized pensions

The recent Appeal Court decision allowing creditors to grab the pensionfunds of bankrupts has sparked controversy over whether a forfeiture clausewould have protected them.A forfeiture clause gives life offices the discretion to pay the benefitsof a bankrupt&#39s personal pension to one of their relatives, such as theirspouse, instead of making the money available to creditors.Following […]

NU offers range of flexible mortgages

Norwich Union has set up a range of flexible mortgages to replace itsresidential mortgage products.The new loans include three flexible mortgages with varying discountoptions and a value tracker, which Nor wich Union says offers low interestrates and complete transparency.There are no lock-ins or tie-ins and all mortgages under £500,000 are fee-free.Mortgage business development manager Ewan […]


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