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Standard deviation

Anyone who has seen the film Being John Malkovich will know of the strange

goings-on that take place on the seventh-and-a-half floor, from where

people can enter a parallel universe.

Well, anyone who ever wondered what goes on behind the steel doors of the

inpenetrable and mysterious Standard Life will not be surprised to learn it

has a fourth-and-a-half floor.

Standard Life Investments is housed in the life office&#39s old headquarters

in Edinburgh&#39s George Street. New additions to the structure do not quite

tally with the original, meaning there are half floors. That explains



May dismay as fund business slumps by 17%

Sluggish investor sentiment continued to dog the investment fund industryin May, with unit trust and Oeic Isa sales down by more than 17 per cent onlast year. The figures, released by Autif this week, reveal gross Isa sales of£746.5m for May, compared with £903.2m in the same month lastyear. However, retail unit trust and Oeic […]

Cazalet predicts stakeholder slaughter

Influential analyst Ned Caz-alet has predicted that stakeholder willinitiate widespread slaughter in the life industry while claiming that theIFA sector is due for a radical shake-up. In his influential Life 2001 report, Cazalet says IFAs will decrease innumbers by a third over the next five years. He criticises their “generallylimited skill base”, lack of financial […]

Search is on for £150k chief exec

Dublin-based financial services company International Finance Group isbelieved to be searching for a new chief executive for its UK IFA arm, IFGLife and Pensions. Industry experts believe a recruitment ad for an unnamed personalfinancial services group looking for a chief executive for its UK IFAsubsidiary relates to IFG. The ad states the IFA business has […]

Winterthur ditches pension fee

Winterthur Life is removing the 1 per cent contribution charge onregular-premium pensions next month due to stakeholder pressure and to makeinvestment returns more competitive. It says personal and executive pensions in its regular-premium range offeran alternative to stakeholder for clients who want a cost-effective premiumcontract. It says people with a 1 per cent stakeholder contract […]

Tax allowances and exemptions

Helen O’Hagan, Technical Manager at Prudential, looks into the planning strategies that can deliver considerable tax savings for your clients. Inheritance tax (IHT) Consider Margaret, featured on our Planning Matters family hub, who is a sprightly eighty year old with four children and several grandchildren. She’s recently been widowed and IHT planning is high on […]


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