View more on these topics

Shaky grasp of reality

According to Jeremy Newbegin (Money Marketing, April 11), “an IFA can still continue to offer financial advice to the poor – they just do not charge these clients as much, off-setting commission against the smaller fee”.

Not if CP121 is implemented in its current form they don&#39t.

If Mr Newbegin worked in an area of real social deprivation rather than the cloud cuckoo land of so-called “ethical” investment, he might grasp how arrogant and out of touch his remarks are.

Philip Thomas

St Helens

Recommended

Norwich Union – World Leaders Fund

Thursday, April 25, 2002Type: OeicAim: Growth by investing in global equitiesMinimum investment: Lump sum £1,000, monthly £50. Isa lump sum£500, monthly £50Investment split: US 40%, UK 20%, Europe 30%, Japan 7%, other3%Isa link: YesPep transfers: YesCharges: Initial 5.25%, annual 1.5%Special offer: Initial charge reduced to 4.25%Offer period: Until June 30, 2002Commission: Initial 3%, renewal 0.5%Tel: […]

Law firm warns that gap-filling could breach insurance rules

Life offices with tied salesforces could be breaching insurance company regulations by selling other insurers&#39 products in a depolarised world, warns City law firm Norton Rose.According to rules in the Interim Prudential Sourcebook, which replaced the Insurance Companies Act, life offices are only allowed to “conduct business relating to their or of an auxiliary nature […]

Thy will be done

A client is aware that his family will be liable for a fairly substantial inheritance tax liability when he and his wife pass away. The client does not require access to all of the value of their estate. How can he achieve a solution whereby the amount of tax actually paid could be mitigated and […]

Row over Hamilton&#39s Pru bond deal

Hamilton Life and Prudential have come under fire over an agreement in which IFA clients with maturing investment bonds are being offered Pru bonds instead of being referred back to their adviser.IFAs are angry that, as their clients&#39 bonds mature, Hamilton Life is not referring them back to adviser but is writing to bondholders enclosing […]

India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com