Clerical accuses competition of being opaque

Professional Adviser
clock

The gloves are off in the debate over with-profits policies after Clerical Medical today accused "ot...

The gloves are off in the debate over with-profits policies after Clerical Medical today accused "other providers" of continuing to promote opaque schemes that do not meet the needs of today's consumers or answer the proposals put forward by the FSA to deal with the issue of returns highlighted in the past year. Clerical says that its response to the FSA's review of the sector is to promote transparency ahead of "past performance, price or financial strength" in order to give consumers a better deal. It also argues that its with-profits bonds structures are more consistent with ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •