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Simple solutions no answer to complex investment problems

Composed by nine of the industry&#39s finest minds, and taking almost a year to conclude, fund managers and IFAs may well have expected more from the FSA taskforce&#39s report on past performance advertising. Its conclusions, although admirable in aims, appear incomplete if not half-baked. While the simplicity that the report suggests would be every providers&#39 ideal, investment funds are unfortunately and undeniably complex products.

If the FSA proceeds with the proposals to ban past performance from the main thrust of fund ads, it will find itself fighting against the very objectives which it and the Treasury have set for the industry.

Simplified risk indicators will mislead the consumer while simplified ads can only eventually drive investors away. Despite the past year&#39s work, it would appear that it is back to the drawing board.


Scot Prov members await windfall decision

Around 450,000 Scottish Provident members will this week find out which of their policies entitle them to demutualisation windfalls.For those whose policies matured between September 7, 2000 when the takeover was announced and August 1, 2001 when the business was transferred, membership will be re-conferred and compensation for loss of voting rights paid. Compensation will […]

LIA wants degree but not fees

The LIA calls for a degree-standard professional adviser qualification in its response to the review and argues against a switch to fees.It says the development of a degree should pay more attention to investment strategy.Up-front commission may cause problems in product design, it admits, but says fees are “the ultimate form of front-end loading, unless […]

Alliance unites to back advice

The ABI, Autif, AITC, Aifa and Apcims have formed an unprecedented alliance in a bid to ensure Ron Sandler recognises the value of financial advice in his review.In a joint letter, the five director generals – the ABI&#39s Mary Francis, Autif&#39s Richard Saunders, Apcims&#39 Angela Knight, the AITC&#39s Daniel Godfrey and Aifa&#39s Paul Smee – […]

Leeds & Holbeck – Buy-to-Let Fixed Rate 5.89 Per Cent

Friday, 5 October 2001.Fixed term: Until February 1, 2007.Fixed rate: 5.89 per cent.Minimum loan: £25,000.Maximum loan: Up to 80 per cent of valuation subject to a maximum of £500,000.Income multiples: 3.5 times principal income plus second or 2.75 times joint.Arrangement fee: £399.Redemption fee: Six months&#39 interest in first three years, three months&#39 in years four, […]

Derek Stuart: where to find value in the UK?

Derek discusses a number of Œself-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]


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