15 April 2010
Financial advisers have hit out at Labour over “soundbite” tactics after it said it would cut £6bn from the cost of business regulation despite the FSA pushing ahead with costly financial services reforms.
Rachel Vahey says the next Government needs to take a long-term outlook
“Will bank customers understand the difference between restricted and independent when it is now not necessary to inform a client receiving restricted advice that independent advice available also?”
Employers could face unlimited fines and two years in jail for taking rebates from corporate advisers setting up pension schemes for their employees.
“As if the financial services industry does not have enough problems with real issues, we have a regulator intent on solving imaginary problems.”
Friends Prov chief exec Trevor Matthews sparks row with Aviva after suggesting commission-paying firms may stop paying commission on existing group pension business post RDR.
Friends Provident chief executive Trevor Matthews has let slip that Resolution is targeting a major annuity player for its next acquisition.
The FSA has slammed tied firms for failing to investigate customers’ existing pension arrangements, under its review into pension switching advice.
“Does anyone seriously believe that any party winning the next election will make a significant difference to the way the country is run?”
T Bailey’s Philippa Gee says multi managers always have to be aware of the FX markets
Brian Tora says the underlying problems that might harm markets will be the same, whoever wins the election.
A Lloyds TSB bank manager who defrauded clients out of more than £300,000 has been jailed for four years.
We hope the FSA will listen to Aifa’s campaign to challenge the way its budget is set on the basis that IFAs are paying disproportionately high fees.
A Tory Government could end the age 75 rule and bring in cash
Group wants wake-up pack changes so clients can no longer buy annuity from existing pension provider simply by putting their signature next to the quotation.
10 minutes with Investec’s Philip Eerdmans.
” A growing number of investment products featuring a charitable aspect are creating a wider need for advice.”
Advisers need to stay focused on the profitability and direction of business says PMS’ John Cupis