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Standard will be better off as a plc say Wentworth Rose

IFA Wentworth Rose believe Standard Life will be better off as a plc and that mutualisation has been the driving force behind its present problems.

Wentworth Rose chief executive Philip Rose says today&#39s action by Standard Life was inevitable. He says Standard Life “really got it wrong” on the equity market in 2002 and has eventually forced itself into this position through its own mistakes.

Rose believes Standard Life will be better off as a plc than a mutual because in the past few years it has been too strapped for cash and innovation and believes in ten years it will be thankful of this present “uncomfortable times”.

Rose says: “Standard used to tell you that being a mutual made it more prudent but it is hard to see where this prudence was over the past three years. It has been out of line with the market of the Twenty-first Century, paddling against the stream of current business practice.

“Apologies to all the conspiracy theorists out there but this was a cock-up, pure and simple.”


Lighthouse issue share options to advisers

Lighthouse is to offer shares to a vast majority of its advisers. The IFA is to make cash payments totalling £150,000 and issue options of over 1.2 million shares at an exercise price of 1p each. This amounts to around 3.4 per cent of the issued ordinary share capital of Lighthouse Group. The options have […]

Bristol & West and Family Assurance launch Protected Savings Plan

Bristol & West and the Family Assurance Friendly Society have joined forces to launch a new capital protected, tax-exempt product for the IFA market.The Protected Savings Plan provides capital protection as well as taking advantage of friendly society tax-exemption rules, which allow regular investments of £25 a month over ten years. Also, because the PSP […]

Christows Investment Funds – Overseas Growth Fund

Type: Oeic fund of funds Aim: Growth by investing globally in exchange traded funds, investment funds and quoted securities excluding the UK Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% exchange traded funds, investment funds and quoted securities Isa link: Yes Pep transfers: Yes Charges: Initial 5%, annual 1.9% Commission: Initial 3%, renewal […]

Outside edge

You are an IFA. You have done nothing wrong. As you sit having a coffee and reading that morning&#39s post, into your office walk a man and a woman. They say they are from the FSA, that they are here to demand files and that if you don&#39t agree to their request they will withdraw […]

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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