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Schroder defies CAT standard to back IFAs

Schroder Investment Management is pointedly refusing to offer a Cat standard equity ISA to show its continuing commitment to intermediaries.

The investment group says it is concerned that Cat-marked products will allow no margin for the provision of sound financial advice and investors will wrongly concentrate exclusively on cost rather than the overall sustainability of the product.

Schroder divisional director Robin Stoakley says: &#34We are deeply committed to the intermediary sector and the concept of independent financial advice.&#34


Tesco&#39s £1-a-day pension goes nationwide

Tesco is pushing out a £1 a day pension across its stores nationwide in a bid to attract customers it says are tired of complex pensions and aggressive selling.The pension is being sold through Tesco Personal Finance Life and is a joint venture with Scottish Widows. It is designed to be simple to understand and […]

Pru forced to change Egg advertising

Prudential is being forced to change the advertising on its Egg savings account after the Advertising Standards Authority upheld a complaint from Standard Life that the account was misleading.The ASA issued an informal request for Pru to include a disclaimer that it can take 3 days to withdraw money. Pru is considering its response.The ASA […]

Tunbridge Wells Equitable launches university savings bond

Tunbridge Wells Equitable is launching a university bond to allow parents to meet the escalating cost of higher education.The friendly society is launching the bond in response to the Government&#39s scrapping of maintenance grants and introduction of tuition fees.The with-profits bond is designed as a monthly savings plan with a term of between 10 and […]

National Savings finds women wary of taking life and pensions cover

Women avoid making financial decisions on savings and investments because they feel threatened, according to a survey by National Savings.National Savings&#39s research claims men take the lead in arranging life, pensions and investments because women lack confidence in making financial decisions.The survey of 4,000 adults shows only one in ten women make investment decisions compared […]


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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