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Standard Life welcomes polarisation proposals

Standard Life has welcomed the next stage of the depolarisation consultation process, the issuing of CP166 – Reforming polarisation: Removing the barriers to choice.

The life company believes the proposals outlined in the paper will facilitate better access to advice on suitable products and greater choice for consumers, and is pleased that the value of independent advice has been recognised.

Feilim Mackle, managing director of sales, says: “This is generally good news for IFAs and consumers. Removing the polarisation restrictions will not require any IFA firm to change their current business model of providing quality independent advice. Furthermore, increased choice for consumers is another small step in the right direction to help close the savings gap. However, there are many issues still to be clarified in CP166 and several important consultations to come, particularly on the menu card, Sandler products and the pensions simplification review.”


New managing directors at Trigold

Bill Safran and Martin Colyer have been appointed joint managing directors of Trigold. Safran was previously sales and marketing director, and Colyer was finance and operations director. Safran says: “We have a strong experienced management team leading a business with market-leading products in an exciting, growing and innovative marketplace where our technology and services can […]

Mortgage Next launches Direct 2 Source service for sub-prime business

Independent mortgage distributor Mortgage Next has launched a new Direct 2 Source service especially for the sub-prime sector. The quantity of sub-prime lending being received through Mortgage Next&#39s specialist packaging facility has increased by 60% year on year. Direct 2 Source enables introducers to send applications direct to a panel of four sub-prime lenders, including […]

Product changes at Irish Permanent

Irish Permanent has announced a range of product improvements designed to build market share in both the buy-to-let and home loan sectors. The lender, whose UK base is in Hammersmith in London, is putting the changes in place following extensive consultation with intermediaries. They comprise loan-to-values lifted to 85% of £1m for buy-to-let; rent cover […]

CML urges homeowners to claim tax credits

With publicity for the new tax credits system beginning shortly, the Council of Mortgage Lenders is urging homeowners to check whether they are entitled to claim the credits. At present, only half of eligible homeowners are claiming credits. An estimated £1bn a year of unclaimed tax credits are accounted for by homeowners. The CML&#39s reminder […]

India budget: BJP focuses on growth

By Kunal Desai, Head of Indian Equities

With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.


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