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“From our perspective, the initiative has been working but this obviously is not reflected in the figures but what more can they do?”

Paul Newman, Perry Marshall Financial Services

“Yes, they have got it quite muddled up – both IFAs and consumers are confused. The Government needs to think this out carefully and listen to IFAs&#39 views.”

Sohan Jheeta, Personal Investment Planning Services

“No, I do not think they should rethink the initiative. What is the benefit in going backwards if they are trying to improve consumer awareness?”

Alan Steven,Portfolio & Pension Management

“No. They should not rethink the initiative. What this issue boils down to is administration – standards are appalling. Essentially, if the Government is serious about Omo, it is going to have to make insurers clean up their act.”

David Halbert, RF Hobson & Co

“Yes. Any effort to inform the policy holder of their Omo should be encouraged but the Government needs to consider a legal enforcement of Omo disclosure from pension providers within 12 months of a client&#39s retirement date.”

Peter Wade, Bradstock Bourne

“What initiative? Yes, they need to review this. I certainly think it is important that people are aware that they have an Omo. It does not surprise me that fewer people have shopped around.”

Philip Griffin, Philip Griffin & Associates

Yes 63%

No 37%


Out of context

•Your colleague will talk to me, I did the jitterbug with him last night.” – Polhill PR Despina Constantinides.•”I&#39ve never seen anything like it, not in 40 years in financial services.” – MM columnist Julian Gibbs on hearing that the bar was shut during speeches at a recent Polhill party.•”I don&#39t think I&#39ve gone without […]

Put your clients first to succeed

I can&#39t help despairing over product providers, networks, and some IFAs as to whether they will ever learn the most important lesson of running a business – look after your clients and they will look after you.IFAs are continually criticised for poor advice but I suspect that this normally only tends to happen when the […]

Destini buys stake in Bloomsbury and may increase holding

IFA consolidator Destini Financial Services has taken a minority stake in feebased IFA Bloomsbury Financial Planning.The deal struck between the consolidator and Sofa director Jason Butler&#39s company of seven RIs is for an undisclosed amount in cash and shares. It is a two-part deal that leaves Destini with the option to buy a bigger chunk […]

DWS Investments – Corporate Bond Fuud

Type: Oeic Aim: Income and growth by investing globally in investment grade corporate bonds Minimum investment: Lump sum £1,000, monthly £25 Investment split: US 50%, Europe 20%, Japan 10%, others 20% Isa link: Yes Pep transfers: Yes Charges: Initial 4%, annual 1%, Isa initial 3.25%, Pep transfers initial 3%Commission: Subject to negotiation Tel: 0800 917 […]

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]


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