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Watered down defined payment system from Sandler

IFAs should be able to negotiate their charges with potential and existing clients Ron Sandler&#39s review team has concluded in his recommendations, effectively watering down the FSA&#39s Defined Payment proposals.

Payment options would include upfront fees, a retainer basis, as a percentage of the assets under management or payments dependent on the sale of a product rather than for an advisers&#39 time.

Like the FSA&#39s proposals, this charging structure would only apply to those who wanted to use the phrase independent, other types of advisers like authorised or multi-tied could still operate on a commission basis.


Pensions advice still needed – CII and Sofa

The Chartered Insurance Institute and Society of Financial Advisers have warned the Pickering review that pensions will still require advice.The CII welcomes moves towards simplification and to reduce red tape but it is concerned that some of the recommendations will have a huge impact on peoples&#39 final salary schemes increasing the need for advice.Sofa managing […]

Investors take the rough with the smoothing

While I understand the argument being put forward by Hargreaves Lansdown over the sale of with-profits bonds, I totally disagree with its view.Hargreaves argues that if stockmarkets rise, life companies will use profits to boost their financial strength rather than pay all these profits to policyholders. In this case, Hargreaves should never have been recommending […]

&#39Market miracle&#39 needed to help bond investors?

I was interested to read the article “Bond investors need a &#39market miracle&#39” (MM, June 20). Clearly, all investors are rightly sensitive as a result of the huge drop in world stockmarkets but I would make the following observations:•Eurolife does not give financial advice. In addition, we go to great lengths to explain all aspects […]

Pickering recommends scrapping spouse benefits and index-linking

Pickering’s report into pensions legislation is recommending the removal of spouse benefits and index linking in a bid to stop employers closing defined benefit schemes. It says the Government should remove the requirement for occupational pensions and the protected rights element of private pensions to rise in line with the retail price index. This would […]


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