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Rising number of investors now using IFAs, says IMA

Almost half of investors have sought advice from an IFA for their investment decisions this year, according to the Investment Management Association. The IMA&#39s ninth annual survey reveals that 46 per cent of investors have used an IFA since January, the highest yet recorded. Forty-four per cent of those said they prefer to pay fees for advice, with £46 per hour the amount they would be prepared to pay on average.

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Marketplace aims two-year tracker at remortgages

The MarketPlace at Bradford & Bingley is offering the remortgage market an exclusive flexible two-year tracker loan.The open plan loan, funded by Woolwich, has a current rate of 3.74 per cent and is guaranteed to be 0.01 per cent below the Bank of England base rate until July 2005.The rate then reverts to 1.5 per […]

Swip&#39s Wylie rules out providers&#39 PI subsidy

There is no case for product providers to subsidise IFAs&#39 professional indemnity insurance costs, according to Scottish Widows intermediary & partnership director Robert Wylie.Speaking to Money Marketing this week, Wylie ruled out provider financial involvement in the PI crisis, saying it would not make commercial sense even if the economy was doing well and certainly […]

HSBC in multi-tie deal with fund firms

HSBC has become the first major high-street bank to strike a multi-tie agreement with UK fund firms in a deal including Fidelity, Schroders and Gartmore.It says it will offer branch-based advice on a wide range of funds from five groups, including Invesco Perpetual and JP Morgan Fleming, as soon as the FSA&#39s depolarisation proposals come […]

Product matters

Scottish Life launched its new range of pension plans on May 1. Exclusive to IFAs, the aim is to provide products that meet our requirements in today&#39s pension market either within or outside the 1 per cent cap. All plans are mono-charged, including a most welcome section 32 plan.Unlike most providers, “big” fund discounts apply […]

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