View more on these topics

Redress the balance

With all the problems rearing their heads about PI insurance, maybe the answer is to merge it with the compensation scheme.

The FSA could then decide that as it is investors who have the protection, they should pay for it. An easy way to do this would be a levy on every pound invested (including deposit accounts) which I would guess needs to be far less than the 5 per cent IPT tax on general insurance premiums.

A merger and funding such as this would prevent all the problems that IFAs are experiencing in getting PI cover at a reasonable cost.

The FSA could I am sure get some sort of underwriting cover if only by a consortium of insurance companies.

Derek Vivian

Ethical +

Whyteleafe, Surrey

Recommended

Correspondent&#39s week

Due diligence – two words that have come to signify months of intensive work following the signing of heads of agreement to merge the businesses of ABN Amro and Artemis.Most of the preparation work has been completed but, as we approach the final furlong, the critical approvals from the FSA are still awaited. Until those […]

Skipton Stateside loan tracks Libor

Skipton Building Society is launching a new US dollar Libor tracker loan, the Stateside Tracker Mortgage. It says the interest rate is benchmarked for the first five years against the three-month Libor rate, which is currently 1.80 per cent. On loans to value up to 85 per cent the rate will be 3.60 per cent […]

IFAs say firm&#39s brand strength will attract a buyer

IFAs say they are confident about Swiss Life UK&#39s position in the market and its ability to find a buyer.They say because of its strong brand name and the size of its book, Swiss Life Group should have no difficulty in finding a company interested in its UK operation.IFAs point to Scottish Widows, AMP, HBOS […]

On the Severn day of Christmas…

I have always considered that confidence flows from belief. As a child, I recall deciding that my belief in Santa was misplaced as my father was never to be seen when Santa was around. I later found that my suspicions were justified.Last week, I went to a London conference to listen to Ron Sandler explain […]

European Opportunities: 'It’s nice when stock selection results in a macro tailwind'

Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment