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Top rating for new stakeholder plans – Hargreaves Lansdown

Hargreaves Lansdown has come out largely in favour of the Sandler review, giving the various recommendations bet-ween one and three stars on its approval rating system.

The new family of stakeholder products proposed by Sandler is given a top three star rating, with the IFA claiming to be a firm believer in stakeholder and the Cat-standard world.

However, it questions whether safe products actually exist, arguing that while the wrapper may be safe, the underlying inv-estment always holds a risk for the consumer.

Sandler&#39s backing of tracker funds is met with strong disapproval by Hargreaves but it admits that poor results from 75 per cent of act-ively managed funds weakens the active versus tra-cker argument.

Head of research market Dampier says: “Tra-ckers may look good in bull markets and may be cheap but good stockpickers will always prevail and they are worth paying for.”


Exclusive – Misys to offload IFA networks

Misys will offload its IFA businesses as a separate entity within two years, and is expanding its operations to build value ahead of the sale.It says it does not see Misys IFA Services as a natural fit in the company in the future and will float its network businesses and Assureweb to allow it to […]

Naive view of free-asset ratios

I find Patrick Connolly&#39s article last week to be naive in the extreme. There is little doubt that the free-asset ratios of most insurance companies are now in single figures and vulnerable to further stockmarket decline.There is no doubt that reserves need to be replenished and that means poor bonuses over the next few years, […]

Correspondent&#39s week

It is going to be a busy week. Sandler, Pickering, budgets for 2003, a major advertising review, opening in France, new plans for Germany, new fund managers, new fund launch. Oh, and the market is collapsing.Remember Marshal Foch. “My centre is giving way. My right is retreating. Situation excellent. I am attacking.”Monday morning brings the […]

New Star funds select opportunties

NEW STAR INVESTMENT FUNDS SELECT OPPORTUNITIES FUND Type: Oeic Aim: Growth by investing in undervalued companies Minimum investment: Lump sum £5,000 Investment split: Small cap 60%, Aim stocks 30%, mid cap 7%, large cap 3% Isa link: Yes Pep transfers: Yes Charges: Initial 5.25%, annual 1.5% Commission: Initial 3%, renewal 0.5% Tel: 0845 6088704 The […]

Testing the Foundation

The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes


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