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Strength is surveyed

The financial strength of some of the UK&#39s biggest life offices has fallen over the last year, according to the Money Marketing Focus Financial Strength update.

The free-asset ratios of seven out of 38 companies have dropped. The seven are: Britannic, CGU Life, Royal Liver, Scottish Friendly, Sun Life of Canada, Sun Life and Teachers Provident.

Companies showing FAR rises include Eagle Star, Norwich Union, Legal & General and Scottish Provident.

High FARs are seen as important for IFAs when investing in with-profits funds.

Informed Choice managing director Nick Bamford says: “A financially strong company can invest more of its customers&#39 money in equities. Over the long term, it is the equity content of with profits funds which supports a robust policy.”

Copies of the survey are available on 020 7292 3730.


Pension industry to wait and see

The pensions industry says it has to wait for further details of the government plans to upgrade pensions before they know what impact it will have on the private sector. Chancellor of the Exchequer Gordon Brown used his conference speech to promise pensioners an increase in state pensions, with speculation it could amount to £90 […]

Petrol shortage leaves IFAs running on empty

IFA firms have suffered losses running into tens of thousands of pounds following the petrol crisis which swept the country last week.IFAs claim to have been hit hard by the fuel shortage, with clients unable to reach their offices and IFAs having to cancel home visits.Many firms predict they will never be able to recoup […]

A cunning pension plan

You prepared a report which resulted in the court making an earmarking order against the old local authority pension schemeowned by my client&#39s former spouse.My client&#39s former spouse has now transferred benefits to a personal pension plan and wishes to effect income drawdown. Is this going to cause any problems?First of all, I am amazed […]

Fund firms fight fee hike to pay for S&P&#39s free ratings for IFAs

Top fund managers are resisting moves by Standard & Poor&#39s to raise their fees as part of plans to offer fund research to IFAs free of charge.Schroder is one of a group of fund managers currently locked in negotiations with S&P. Schroder director of client services Robin Stoakley says: “Obviously, negotiations between any firm and […]

Developing your personal relationships – Webex

Read more 9amFinancial advisers and solicitors working together Presented by Ian Muirhead, director & chairman at Solicitors for Impartial Advice (SIFA) Listen to Ian’s expert insight and experiences of how financial advisers and solicitors can work together to deliver mutual benefit and enhanced client outcomes. Register here 10am Financial advisers and accountants working together Presented […]


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