10 February 2011
Aifa director general Stephen Gay on the apparently endless list of Euro directives that will affect IFAs.
Rob Clifford says that first-time buyers are still the most important group in the broking market and that the sector must overcome their barriers to entry.
Mark Dampier says fund legend Anthony Bolton is enjoying his return to fund management with the China special sits trust.
Paul Farrow says IFAs have every right to be sceptical that RBS will deliver with its new volatility controlled funds.
Chris Gilchrist says the FSA’s proposal to add a half-hearted layer of product regulation on top of regulation of the advice process is incoherent, inconsistent and likely to be ineffective.
David Hesketh says IFAs seeking consolidation ahead of the RDR need to ensure they are an attractive potential purchase
As legislation is prepared, Parliament and regulators have a rare chance to reshape regulation for the better.
Sheriah Bradbury says future levies must be cost appropriate and transparent to the industry.
Nic Cicutti says trade bodies should get more aggressive in their approach to the FSCS.
Rob Reid says he has no problem with liability for his advice but there must be a level playing field where those at fault are first in line to pay.
The British Bankers’ Association and the Association of British Insurers have argued against advisers’ calls for the FSCS to be funded via a product levy.
Advisers have urged regulatory authorities to consider introducing some form of product levy as an alternative means of funding the FSCS.
Provider says not writing protection policies in trust leaves clients exposed to “unnecessary and avoidable” risks.
Consultancy firm Engage Partnership is offering a suite of audit tools for advisers to measure how RDR-compliant their businesses are.
Aifa did not issue the ABI guidance on critical-illness sales to members for three months following confusion over which trade body was responsible for its distribution.
SimplyBiz chairman Ken Davy says a levy on all financial services products would be a simple, fair and cost-effective way of funding the FSCS.
Pension consultancy Hymans Robertson urges Lord Hutton to consider allowing low-earners flexible contributions and limited early access to their savings.
Providers say the FSA ignored advice it received from the industry before its consultation on radical changes to Sipp disclosure rules.
The Government has established a cross-departmental working group to improve transfers of small pension pots ahead of automatic enrolment in 2012.
MM editor Paul McMillan and news editor Nicole Blackmore are cycling to Paris to support Help for Heroes.
Intrinsic Financial Services mistakenly told advisers that Friends Provident had withdrawn from the two-year protection market.
Tenet distribution and development director suggests the FSA and the compensation scheme could be funded by premium charged on investments.
The Financial Skills Partnership chief executive is working to raise the profile of the industry to attract new blood through work experience schemes.
Lloyd George Management director Adaline Ko is retir- ing after 29 years in financial services.
The remuneration package for heads of the European supervisory authorities must improve to give them the political clout to do their jobs effectively, says MEP Peter Skinner.
National scheme also looks to recruit chairs and initial members of employer and member panels.
Tim Jones dismisses fears that foreign rivals could see the Nest struggle to meet its membership target.
The Advertising Standards Authority’s new powers to regulate advisers’ online promotions will result in dual regulation, according to Finance & Technology Research Centre director Ian McKenna.
“My name’s John, not John the Baptist.”
Paymentshield is offering advisers an additional commission option which will pay 60 per cent indemnity commission over two years.
Savers will be prevented from cashing in protected rights pension entitlements using flexible drawdown until April 2012.
Prudential distribution strategy director Russell Warwick believes advisers will embrace restricted advice models after the RDR.
Michael Johnson says “brave” Government would target “pure” public sector DC provision by 2020.
Barclays’ exit from the advice market was an act of “brutal segmentation” and at least one more big bank is likely to follow suit, according to Scottish Life.
Some fear a fallout from an EU ban on non-advised sales of mortgages, reports Paul Thomas.
New director of the Institute for Fiscal Studies Paul Johnson says stamp duty on housing “gums up” the market and should be scrapped.
A low-cost tracker from JPM could be the first of many such products, says Chris Salih, as the industry looks to challenge the growth in mediocre passive funds.
Home Funding chief executive Tony Ward fears the mortgage market could take 10 years to recover because there will be no significant activity in the securitisation market for up to five years.