News Round Up

Sovereign, has recently launched a website aimed at providing advisers with the facts around the impending life tax and industry regulation changes.

Sovereign Insider is backed by a dedicated team working solely on regulatory and tax issues. The initiative is designed to offer effective communication and education around these issues, and the implications for both advisers and consumers. With much concern and speculation circulating, Sovereign aims to provide a reliable, clear source of up-to-date information regarding regulation. Sovereign considers the Government’s regulation plans to be an overwhelmingly positive step for the industry, which will help to raise standards across the board. Sovereign Acting Head of Marketing and Product David Drillien said that anything that is good for the consumer is good for the industry.

“The new regulation will finally recognise the overwhelming majority of advisers who have – and will continue to – operate professionally in terms of offering advice to consumers.”

AMP considering its position on AXA
AMP says it was considering its position in light of the announcements by AXA Asia Pacific Holdings and National Australia Bank Limited.