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Tory savings policies to offer opportunities for IFAs

Conservative Shadow Chancellor George Osborne claims that the party’s economic policies will present a big opportunity for IFAs.

At the Association of British Insurers’ biennial conference in London on Tuesday, Osborne said the Tories are keen to ensure the availability of independent advice. He said: “We want independent financial advice services and I would hope our proposals to encourage the country to move from debt to savings should open up all sorts of opportunities for the sector to talk to people about how they can save for their retirement, for example, whether they go into the traditional pension, whether they use Isas and the like. I think that is an opportunity for the sector.”

Osborne warned means-testing issues could make pers- onal accounts the “next scandal” if unresolved and reiterated Tory plans to scrap forced annuitisation at 75.


Longer delays for annuity transfers

Annuity transfers took an average eight days longer in 2008 compared with 2007 despite the ABI initiative to speed them up, according to a new survey.

M&G goes back on the defensive

M&G’s cautious multi-asset fund is rebuilding the defensive assets it sold earlier in the year and reducing exposure to funds which invest in high beta and cyclical stocks.


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