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Service hopes rise

Pearl’s victory in the battle for Resolution has been broadly welcomed by advisers.

Closed life insurers have been criticised from advisers over their speed and willingness to give out policy details and client information.

But Syndaxi Financial Planning managing director Robert Reid believes Pearl is more committed to treating customers fairly. He says: “Resolution is somewhat difficult to deal with but Pearl has the attitude that they need to improve service. Perhaps Resolution’s service will improve as a result.”

Advisers say that they had concerns over a potential deal with Friends Provident or Standard Life but Pearl represents a good match.

Richard Jacobs Pensions & Trustee Services director Richard Jacobs says: “Pearl and Resolution are a new breed of predator and suit each other admir-ably. When I first heard about Friends’ bid for the firm, I stop-ped giving business to them because I did not want to see a good client-centred insurance company merging with Resolution because they have shareholder priorities at heart.”


Waters wants to see 130/30 skills

FSA director of retail policy Dan Waters says the challenge for managers running 130/30 funds is to prove they have the skills to manage these funds.At the Tax Incentivised Savings Association conference in London last week, Waters said: “One of the interesting things we have seen in some jurisdictions where these 130/30 funds have been […]

Sants’ Aifa speech

With his speech already released, FSA chief Hector Sants will offer an RDR olive branch at tonight’s Aifa dinner when he meets the great and good of the IFA world. Sants will say the FSA has been unclear about its intentions and yet unless he is saving some big announcement for this evening, we have […]

Positive notes

Global equity markets shrugged off some poor corporate earnings’ news and mixed economic data to post a positive performance in October, as risk aversion stemming from the recent credit crisis ebbed.

With-profits hurdles remain for advisers

FundsNetwork says the FSA’s investigation into with-profits has done little to help advisers who still face the same hurdles when reviewing client policies.The regulator sent a letter to with-profits providers in September reinforcing the need for them to treat policyholders fairly. Its move followed two thematic reviews into the sectorThe first review found that providers […]

Trusts: Easier than you think?

Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]


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