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&#39Polarisation review spells big threat to IFA websites&#39

The polarisation review could threaten the presence of hundreds of

IFA websites across the UK, says My Money Adviser.

MMA believes that product providers, fund management and pension groups

which are collaborating on fund supermarkets are keener than ever to offer

low-cost multi-distributor products online direct to the public.

The IFA website provider thinks the increased IT and marketing spends

could squeeze adviser sites out of the picture.

It says consolidation is already happening such as the recent purchase of

online mortgage platform Mortgage Brain by Halifax, Nationwide and Alliance

& Leicester.

MMA believes the IFA community should be concerned over how the FSA is

allowing tied and single-range providers to offer products from other

providers as this will nudge independents out of the market.

Later this month, MMA is launching a range of online support services for

advisers wanting an e-commerce-equ-ipped online presence.

All UK advisers can get a basic internet site free of charge, along with a

range of optional extras.

MMA managing director Ann-Marie Martyn says: “Stage one of the FSA review

opened up the way for multi-tie distribution. The big investment houses and

banks are busy creating whole suites of online products to offer consumers.

IFAs will have to work hard and fast to keep up or be thrown out of the



Morillo cherrypicks Pan-European style for Investec

Investec Asset Management has added the Pan-European fund to its range of select funds.This offshore fund is denominated in euros and aims to provide capital growth by investing in Europe excluding the UK. It invests in a concentrated portfolio of between 30 and 40 stocks, which is the preferred style of its fund manager, Albert […]

Lamensdorf expansion continues as it buys Tokyo firm

Lamensdorf Group has acquired Tokyo-based IFA Ross AlexanderIntern-ational for an undisclosed sum as part of its internationalexpansion plans. The purchase, announ-ced at PIMS, gives the IFA a presence in Japan, Chinaand Switzerlandunder the names Lamensdorf Japan and Lamensdorf Europe. The move follows the purchase of Maddison Monetary Management earlier thisyear and marks the group&#39s first […]

DSS facing the axe in Whitehall department shake-up

The DSS is set to be abolished if Labour secures a second term inGovernment, with pension policy likely to shift to a new department or eventhe Treasury. Speculation is mounting that there will be a reshuffle and rejigging ofGovernment departments, with reports that the DSS is will be replaced. Somebelieve it will be rolled into […]

Allied Dunbar launches IFA software

Allied Dunbar franchisees will be able to underwrite customers for protection policies at the point of sale when it launches new laptop-compatible software later this summer.Allied Dunbar claims the system ensures all the customer&#39s needs are correctly identified and that an adviser cannot overlook an area of need or offer an incorrect product. The system […]


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