Pep sales set for record levels
Article Abstract:
Sales of personal equity plans (Peps) in the UK could go over GB 20bn in 1998, according to Fidelity Investments, based on interviews with independent financial advisers (IFAs). Around 80% of IFAs predict record sales of Peps in 1998. However, 72% of IFAs believe the new ISAs will be little different from Peps, and that most business will remain with investment houses rather than transferring to new distribution channels such as supermarkets.
Comment:
UK: Sales of personal equity plans could go over GBP20 bil in 1998, according to Fidelity Investments
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 1998
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UK: FSA UNDER FIRE OVER INCORRECT ADVICE
Article Abstract:
Regulator FSA has come under fire from the pensions sector for giving incorrect advice on stakeholder pensions to national helpline callers. A mystery shopper from the 'Financial Adviser' magazine was advised repeatedly that those earning in excess of GBu 30,000 per year were not eligible for a stakeholder pension. In fact, those earning over GBu 30,000 are not able to take out a stakeholder pension if they already have an occupational pension
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: TREASURY JUSTIFIES IPAS AMID RELUCTANT INDUSTRY
Article Abstract:
Individual pension accounts (IPAs) have been justified by a Treasury source despite a lack of interest from providers who believe they will not be profitable. Virgin Direct is the only provider to have confirmed that it will be offering an IPA as soon as they are introduced in April 2001. The Treasury is hopeful that fund managers will come round to the product and in time IPAs will prove successful.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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