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Are you sad to see the 175-year-old Scottish Amicable brand disappear from the IFA marketplace?

“No. I think it is the way of the world and will be the first of many as more unification of brands takes place.” Stephen Lambert, Pensions & Investment Advisory Centre

“Yes. It was a good brand with a reasonable reputation in the IFA marketplace – certainly much better than Prudential.” Michael Sherrard, Sherrard Financial Management

“Yes. I do not understand the Pru&#39s strategy. It started off by saying Scottish Amicable was a strong IFA brand and now it is ditching it.” Martin Booth Richfield Financial Services

“Yes. It is a great shame but I think the hierarchy at ScotAm have only themselves to blame. It was a very successful company in the early 1980s but lost its way in the 1990s when performance and service levels went down.” Alan Harris, Harris Investment Management

“No, it does not really make a great deal of difference. This generally happens when a company is acquired as it is expensive to keep a name. You could not recently buy a ScotAm product anyway, it was just a Pru product with a ScotAm badge.” Anthony Heague, Tony Heague Financial Services

“Sure, but things move along. The Prudential is a pretty big company and I hope that it has the customers&#39 interests at heart with this move.” Jim Bergman, JB Financial Services

“No. ScotAm&#39s performance has been nothing to sing and dance about for some time. The name will not be missed.” Nigel Westacott, Westacott&#39s Independent Financial Consultants

yes 57%

no 43%


VCTs urged to open up on NAVs and holdings

Venture capital trust pundit Martin Churchill is calling on VCT managers to standardise their performance reporting in a bid to boost clarity across the sector.Churchill, who runs the IFA information service Tax Efficient Review, says current performance reporting is erratic and often as infrequent as bi-annual.He would like to see VCT managers produce regular reporting […]

Buoyant GPPs to the rescue as stakeholder sags

The FSA is concerned about low sales of stakeholder pensions – an event so predict-able it could have been printed on any financial services calendar for winter 2001.Readers should note that the official line is that stakeholder will receive the same scrutiny as any new product but the “line from officials” is slightly different.Specifically, the […]

Standard Life 0.5 per cent mortgage cut from December 1

Standard Life has announced a cut of 0.50 per cent on the standard variable rate of its Freestyle mortgage. With effect from 1 December, the rate will fall to 5.00 per cent from 5.50 per cent. The move is in response to the Bank of England’s decision last week to slash its base rate to […]

Taking aim

Friends Ivory & Sime has introduced its Isis Aim growth fund, an Oeic which allows investors to invest in companies listed on the Alternative Investment Market and the Techmark index.Looking at how the fund fits into the market,, Vaughan says: “Although this fund could be described as just another high-tech or dotcom fund, it is […]


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