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Scottish Widows International bond

Scottish Widows International is launching a Jersey-based international investment bond and not an international investment fund, as was published in last week&#39s edition of Money Marketing.

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GT backs attempt at round-world flight

GT Global is sponsoring a £260,000 bid to fly around the world in 80 days in a Microlight plane – the smallest and lightest aircraft ever to make the attempt. Pilots Brian Milton, 55, and Keith Reynolds, 45, will fly over hazardous regions including the Saudi Arabian desert and Greenland during the flight, set to […]

OFT will probe advice to elderly and disabled

The Office of Fair Trading is to investigate the role of IFAs in the misselling of financial services to vulnerable consumers. The inquiry, launched this week, will focus on the selling of banking, credit, insurance, savings and other financial services to elderly and disabled people. It will also cover low-income consumers and people whose first […]

Income drawdown – fact or friction?

In my article headlined Drawdowns and death (Money Marketing, February 12, 1998), I encouraged advisers to ensure they have control of all the facts relating to income drawdown, particularly when it comes to death benefits. My concern is that in three years&#39 time, or whenever, we will be required retrospectively to show that we have […]

IFAA challenges CML on electronic trading

The IFA Association is fighting the Council of Mortgage Lenders&#39 plans to set up a single industry-owned electronic trading platform. Over 20 lenders are backing CML plans to have a trading system by September for intermediaries who want to process applications electronically. Brokers will have to access the system through one “gateway” controlled by the […]

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