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Torquil Clark urges appointed adviser for stakeholder

Torquil Clark has written to new pensions minister Ian McCartney to urge him to ensure every stakeholder scheme has an appointed advisor.

The IFA says this would allow the benefits of scheme membership to be adequately promoted to staff and also give employers the required level of support for the management and administration of schemes.

The letter, penned by pensions development manager Tom McPhail, states: “There is one single measure which could be introduced which would have an immediate and lasting impact on the level of private pension funding in the UK. Quite simply every employer designated stakeholder scheme should be required to have an authorised regulated individual appointed to it.”


Beale Dobie guide to Tep pros and cons

Traded endowment policy market-maker Beale Dobie has updated its IFA guideand produced a new consumer version which discusses the pros and cons ofTeps. The new IFA guide aims to help advisers explain to their clients the taximplications of investing in Teps and their uses in retirement planning. The guides also list frequently asked questions, including […]

FSA sets the table

The FSA has indicated that it is aiming to make its first comparativetables available in the autumn and that these will be for Isa UK growthunit trusts and Oeics. The tables will be put on the FSA&#39s website so they will only beaccessible to members of the public who use the internet. They are notguaranteed […]

&#39IFAs face heaviest regulatory burden&#39

IFAs shoulder a heavier burden of regulation than any other smallbusiness, claims the Institute of Directors as it publishes its quarterlyregulation report. The IoD says not only do IFAs have to deal with the same regulations asother small businesses, such as administering Government initiatives,payroll tax and working tax credits for their own employees but they […]

Free loan cover from Leeds & Holbeck

Leeds & Holbeck is offering free mortgage payment protection insurance on all new mortgages this week. The insurance is provided by Norwich Union and provides cover for mortgage payments against sickness, accident, unemployment or hospitalisation. The offer is for £154.14 worth of cover over six months on a 20 year £60,000 capital and interest mortgage […]

Is this the endgame for the current mergers & acquisitions boom?

Last year, worldwide mergers and acquisitions (M&A) rose to an unprecedented $4.7tn, according to Thomson Reuters, a 41 per cent increase over 2014. Anthony Forcione, senior equity analyst at Loomis Sayles, an affiliate of Natixis Global Asset Management, looks at what’s been driving this particular wave of mergers. Click here to view full article: Loomis-Sayles


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