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Pulling a fast one?

Your paper reports Standard Life&#39s statement that the Green Paper will reduce the timeframe for selling a pension from seven to eight hours to three to four hours (Money Marketing, December 19, 2002). I don&#39t believe it. I would like you to ask Standard Life to prove it in the paper.

Life companies like to think they know what IFAs do but they don&#39t.

Doug Brodie

Director (and former Money Marketing IFA of the Year),

Master Adviser, London


NatWest launches range of self-cert mortgages

NatWest Bank is launching a range of five self-certification mortgages to be sold through intermediaries saying it is one of the first of the major high street banks to cater for this market. Rates start at 4.65 per cent and are available on a loan to value up to 85 per cent and there are […]

Halifax rethinks house price index

Halifax is rejigging its house price index which tracks housing market inflation admitting it overestimated the number of houses with garages leading it to slightly overstate house price inflation. The other change to the index is to include houses valued at over £1 million for the first time to reflect the recent hike in prices. […]

HSBC goes for uncertainty factor

HSBC Asset Management has established a guaranteed equity bond that could mature before its six-year term. The capital protected growth plan is linked to the FTSE 100 and provides a full capital return regardless of its performance. Investors could also receive 100 per cent of any growth in the FTSE 100 at the end of […]

£250m paid in FSAVC compensation

Nearly 85,000 policyholders have received £250m in misselling compensation as the FSAVC review is wound down by the FSA. The review was set up in 2000 and 100,000 policyholders have had their cases investigated, with 85 per cent receiving some form of compensation. Around 10 per cent of all FSAVC sales have been looked at […]


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