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What&#39s brewing?

Glossing over the banner of Independent View, I agreed with every word that Philip Rose, who has to be congratulated on his high profile, wrote in the July 25 issue of Money Marketing.

However, one sub-clause, jumped out at me – “better than best rule, while it exists”.

This, to my mind, is the only reason why any product provider would want to buy an IFA. They have the hope, expectation even, that this will go. Once it does, despite his protestations, Wentworth Rose will be as tied as your local pub is to a major brewery.

Well, yes, they will have guest beers, but…

Peter O&#39Hare

Carr & Associates



Tep Exchange Group narrows losses

Traded endowment policy firm Tep Exchange Group says it has narrowed its losses to £83,000 in the first six months of this year from £819,000. It says this is due to increasing the number of IFAs registered with it and forming trading alliances with IFA portals to increase trading in Teps. It believes FSA policy […]

Independent View

At a time when world stockmarkets have retreated rap-idly downhill and are peering over the cliff edge, perhaps it is also time to reflect on investor psychology and what has driven us to the extremes we have witnessed in recent times.Stockmarkets have become ever more sophisticated since the great South Sea bubble but the basic […]

American Express launches seven new funds

American Express Bank is launching seven new global sector investment funds in the UK as part of its European expansion plans.The new additions – including the Global Emerging Markets, Global Healthcare Equities and California Equities funds – have been designed to offer investors access to global sector funds that are not limited to specific countries […]

AMP closes Pearl and London Life to WP bond sales

AMP is closing its Pearl and London Life subsidiaries to with-profits bond and annuities business as part of a review of the capital management of its UK business.AMP group chief financial officer Marc de Cure says heavy declines in the markets since June had accelerated a number of capital management initiatives.The company admits it has […]


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