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Skandia takes 9.9 per cent stake in Lighthouse

Skandia has extended its IFA presence by paying £1.2m for a 9.9 per cent stake in Lighthouse, that the Aim-listed IFA will use to fund its recruitment drive.

Lighthouse last week agreed an exclusive deal to take on members of the Canada Life direct sales force who wanted to join the firm.

A statement from the board says Lighthouse believes it is well positioned to take further advantage of the changes occurring in the IFA distribution sector.


Government committed to 1 per cent

The Government is committed to the 1 per cent price cap for the new stakeholder products, according to Treasury financial secretary Ruth Kelly, and it would take a very convincing argument to change its mind.Kelly told delegates at the Treasury sponsored seminar on Sandler today in London that until further details about the products and […]


“Yes. It has to do something to come into line with all the others.” Andrew Williams, Independent Financial Advisers “Yes. It was inevitable as Standard was the only life office not to have done so.” James Cooper, Cullen Financial Planning “No. I think it is something the regulator has to look at. I can understand […]

CIS to publish voting record

CIS is to publish all its voting decisions online in a drive to promote responsible shareholding among institutional investors.The initiative was launched at a seminar on social responsibility at last week&#39s Labour conference. CIS says it is the first institutional investor to make this commitment. The move was welcomed by Labour MP and chairman of […]

Smith hints at need to raise retirement age

Prime Minister Tony Blair has admitted that for many UK workers, pensions is the issue which concerns them the most.In his speech to Labour&#39s conference in Blackpool last week, the Prime Minister made a brief reference to the worries that many employees have about the quality of their pension on retirement.Work & Pensions Secretary Andrew […]

Benefits of using a probate bare trust

Have you ever wondered what happens to someone’s investment bond on their death if it is not written in trust? When someone dies it is essential to deal with their estate, which can be made up of their home, belongings, investment bonds and anything else they may have owned. But, it is not as simple […]


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