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Positive Solutions warns removing polarisation risks mis-selling

Positive Solutions is warning that the FSA&#39s polarisation reforms could lead to misselling.

Positive Solutions chief executive David Harrison says: “We all know that right now the consumer gets a better deal from independent advice – whether commission or fee based – and there is no reason why that proposition should be undermined.

“In terms of multi-ties or gap-filling, there will still be a difference in that with both of these the agent will still represent the company rather than the client, and this could lead to the very mis-selling which cause polarisation and has led to tied companies purporting to be independent via the use of misleading names.”


Privilege Portfolio International – Global Balanced Fund

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Pink Home Loans 5-year buy-to-let fixed

Pink Home Loans, buy to let fixedFixed term: 5 yearsFixed rate: 6.29%Minimum loan: £15,001 purchase, £25,001 remortgageMaximum loan: N/AIncome multiples: N/AArrangement fee: £399 Redemption fee: 7% amount repaid for 12 months, then 6% for next 24 months, then 5% for further 24 monthsConditions: gross rental income must exceed 125% monthly mortgage payment, 85% LTV to […]

Opas wants simpler streamlined pensions

Pensions must be simplified to restore public confidence in saving for retirement, says pension advisory service Opas.Opas says there is a formidable number of pension options available and urges that the Government&#39s simplification review headed by Alan Pickering should lead to a substantial reduction in the range and type of schemes.It also wants the rules […]

Bidding war fear over better than best rule

The FSA&#39s scrapping of the better than best rule will spark a bidding war among providers desperate to ensure they are not left behind in the dash for distribution, claim IFAs.The FSA says it abolished the rule, which effectively limited provider investment in adviser firms to 10 per cent, so commission-based IFAs wanting to retain […]

India budget: BJP focuses on growth

By Kunal Desai, Head of Indian Equities

With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.


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