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SWIP appoints Maddock from Axa

Swip has appointed Tony Maddock as head of retail sales after Maddock resigned last week from Axa following the firm’s takeover of Framlington.

Maddock will lead Swip’s new specialist retail team to support direct distribution to the IFA market. He will report to head of distribution Simon Wombwell and be based in London.

Wombwell says: “2006 is going to be an important year for Swip as we expand our fund offering into the retail market. Tony’s experience of providing first class service propositions to the IFA community brings significant strength to our retail team and underlines our commitment to the IFA market.”


Sipp shock will slow BTL

The Chancellor’s shock decision to kill off residential property investments in Sipps will dampen the buy-to-let market for the next three years, warns the Royal Institution of Chartered Surveyors. RICS was expecting 160,000 Sipp-related property pur- chases in the three years from April 2006 while the Council of Mortgage Lenders had predicted that one in […]

Pension firms blow gasket over turbo ban

The Chancellor’s measures to remove tax relief from tax free lump sums reinv- ested into pensions has been slammed by industry experts as unworkable. The Government has given no guidance on how pension providers should police this practice, dubbed “turbo-charging”, which firms say leaves them in an imposs- ible position. Scottish Widows head of pensions […]

State of ignorance

Pension reform will have little impact unless the public is educated in retirement fundamentals


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