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‘Wrap competition to cut bond charges’

Defaqto says bond charges are set to reduce as the impact of competition from wrap providers increases. In its first review of the offshore and onshore bond market, Defaqto predicts that leading advisers will consider offshore bonds more seriously over the next few years as they are becoming an integral part of many wrap propositions.


Aifa urges FSA to use leeway over directive

Aifa is urging the FSA to avoid imposing Mifid requirements on IFA firms. The regulator is telling companies to exploit opportunities presented by the Mifid directive, such as cheaper passporting of services throughout the European Union. But at a London conference last week, FSA managing director Hector Sants said firms should not underestimate the costs […]

A&L takeover draws closer after suitor confirms interest

French bank Cr裩t Agricole has confirmed it is considering a takeover bid for Alliance & Leicester. In a statement CA says it has not yet made a bid and its interest is only at an early stage.A&L shares surged over the weekend over speculation CA would make a move for its UK counterpart. A&L has […]

Wickenden warns of IHT shock for trusts

Money Marketing tax planning specialist Technical Connection director Tony Wickenden is warning of a trust tax shock. He says trust arrangements with historical transfers totalling 200,000 on a property valued at 300,000 at the 10-year anniversary could get a periodic inheritance tax bill of almost 13,000 following Budget changes. He calculates the periodic tax charge […]


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