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Standard sets out changes for protection advisers

Standard Life has raised concerns that some IFAs are not fully aware of the regulatory changes for pure protection products from January 2005.

It is aiming to help intermediaries with briefings to give a summary of legislative changes to the protection market. Standard says there is no guarantee that late applications for authorisation will be processed by January 14.

The company says it is concerned that some IFAs are unsure of the insurance conduct of business rules which will apply to the selling of general insurance and pure protection contracts.

National development manager (sales) Harvey Briggs says: “We are encouraging advisers to seek approval if they have not already done so as life offices will have an obligation to report to the FSA any adviser without appropriate permission selling protection business after January 14.”


Platinum groups funds together for hedge fund of funds

Platinum Capital Management has established Platinum portfolio, a multi-manager hedge fund of funds that invests in six of the company’s hedge funds, one of which is also a hedge fund of funds.The six underlying Platinum funds are managed by companies including US-based Washington Asset Management, Shanghai-based Dynasty Asset Management and London-based City Fund Management. Together, […]

Millfield bases multi-tie on Inter-Alliance

Inter-Alliance advisers will move into Millfield’s multitie once depolarisation begins, according to Millfield’s stockbroker Collins Stewart. A research note from Coll-ins Stewart written by analyst Tim Young reveals that Inter-Alliance advisers will form the basis of Millfield’s multi-tie. Young says that as many Inter-Alliance advisers came from direct salesforces, it is closer to a multi-tie […]

LIA’s view

We are all faced every day with choices about the kind of people we should be and the priorities and general direction in which we should go.

Recording sickness absence cover - thumbnail

White paper — recording sickness absence

The latest figures from the Department for Work and Pensions illustrate that sickness absence is still a major cost to businesses, with an annual bill for sick pay and associated costs to employers of £9bn. This paper from Jelf Employee Benefits looks at the importance of recording sickness absence for any employee health strategy and how this can be carried out in an efficient manner to reduce absence, improve employee engagement and drive up profits.


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