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Zest Solutions signs up second IFA for distributor funds

Merchant Investors’ distributor funds service Zest Solutions has signed up its second IFA firm Squirrel Financial Management.

Zest has created two risk-profiled funds, one defensive and one balanced, for the Midlands IFA which has 20 self-employed advisers.

Buckles was the first IFA to trial the service.

Merchant Investors head of sales and marketing Richard Ellis says: “We have worked closely with Squirrel to design and build a range of funds that importantly matches its investment style and the risk profiles of its clients.

“The end result provides Squirrel’s clients with a competitively priced and expertly managed investment proposition.
He adds: “The opportunity is vast for those IFAs who are ready to change their business process and start to command value of funds under management.

“We have already far exceeded our initial targets of interested IFAs, and the variety of firms we are talking to is staggering – from small firms to big networks.”

Squirrel Financial Management director Ian Bascombe says: “It has long been recognised in the industry that there is a need for a more process-driven investment proposition, which will add value to our client offering.”


FOS must learn to live within the law

On January 29, Money Marketing carried a report about an IFA firm which has refused to implement a final decision of the Financial Ombudsman Service. The decision was not binding on the firm because the complainants had failed to notify the FOS of their acceptance within the required time limit.

Cricket - thumbnail

England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.


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