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Reshuffle at Inter-Alliance

Inter-Alliance is restructuring its management with three appointments. Gerard Moore will become group development director and will sit on the board.

Carey Shakespeare is to be director of marketing and John Standley director of business development.

All three were poached from St James Place, which Interalliance chairman and chief executive Keith Carby co-founded.


Opra probes pension-release firms

Opra and the Inland Revenue are investigating several organisations which offer to convert pension funds in to tax free lump sums. The watchdog has warned the public to be on their guard against these schemes, which often attract people who urgently need cash. Operators usually charge policyholders high commissions ranging from 20 to 30 per […]

Royal London creating second-tier advice force

Royal London is set to pilot a new direct salesforce offering pared down advice on the back of CP121&#39s proposals for a second tier of adviser.Initially, the salesforce will be restricted to selling non-regulated products from protection to general insurance, including third-party products. But Royal London says it is awaiting the FSA&#39s depolarisation rules which […]

Government should pay for generic advice says Panel

The Government should consider funding a generic advice service in building societies according to FS Consumer Panel chairman Colin Brown.Speaking at the annual Building Society Conference in Bournemouth, Brown said funding of this service will be the issue and suggested the Treasury could help or societies could consider clubbing together. Brown said: “It is the […]

Over-50s reject annuity proposals

Nearly two-thirds of people aged over 50 are disenchanted with the proposals in the Government&#39s annuity consultation, according to research by Saga Financial Planning.Around 63 per cent believe the proposals, which include promotion of the open-market option, introduction of a limited-period annuity before age 75 and allowing the opportunity to transfer to a different provider, […]

What exactly is product innovation?

By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]


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