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RDR Interim Report: Standard Life supports separation of advice and sales

Standard Life is applauding the FSA’s proposals for separate advice and sales channels, adding that it simplifies the overly complex tiers and definitions originally proposed.

Head of distribution policy Peter Jolly says he is also pleased that the FSA have challenged providers to move to models where customers determines how much advisers are paid.

He adds: “We know of many highly professional IFA firms and advisers who have successfully shifted their business model to either fees or Customer Agreed Remuneration, whilst predominantly moving to a platform based model.

“It seems that this is indeed the way forward and the FSA’s direction of travel is largely in line with many adviser firms.”

Managing director of distribution Paul Matthews says the FSA has “broadly got things right”.

He adds: “Our strong relationships with independent advisers and our commitment to putting the customer at the heart of everything we do led us to much the same conclusions.”


Japan holds Far Eastern promise for M&G’s Jane

M&G multi-manager David Jane is boosting returns for investors in his multi-asset cautious fund by investing in parts of the market that other multi-managers are writing off.

Arc explores Anglo-American income

Arc Capital & income has introduced its fifth fixed income plan, a capital-protected bond that provides monthly or annual income during a term of five years and three weeks.

Auto motive

Reports from the European Commission, confirmed by the Department for Work and Pensions, say employers will be able to auto-enrol employees into group personal pension plans without offending EU regulations on distance marketing. Although we still await definitive information, this is good news for pension providers and employers which sponsor GPPPs or who intend to set them up in 2012 as an alternative to personal accounts.

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Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 


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