View more on these topics

59% of investment IFAs to stay independent

Most investment IFAs will stay independent if CP121 is adopted as drawn, according to res-earch by Credit Suisse Asset Management

The research found that 59 per cent will remain IFAs although one-third of investment advisers are undecided.

IFAs were split on the issue of provider investment, with 70 per cent at least considering selling stakes to providers while 30 per cent want to retain their independence at any price.

Adviser firms intending to multi-tie to a small number of investment product providers said investment performance was the key factor, with 39 per cent rating investment performance as most important when choosing a provider.

In second place on 20 per cent was the strength of the providers&#39 business, third was provider service and admin support with 18 per cent while a wide fund and product choice was most important for 15 per cent of respondents.

A third of advisers said they did not think their businesses would operate differently a year from now but 13 per cent of these respondents had already changed to a fee-based structure.

CSAM surveyed practice heads of 297 IFA firms.

Managing director Ian Chimes says: “We were most surprised by the number of people who thought they would not have to change the way they work. They either already have plans in place or are expecting a dilution of CP121.”

Recommended

Julian Gibbs

I rarely recommend an enterprise investment scheme as they are usually aimed at investors who want to gamble. However, an exception is Tomahawk Pubs plc, which will be an asset-backed, dividend-paying EIS. Tomahawk intends to purchase, operate and develop a portfolio of strategically located pubs within the M25.The pubs will appeal to local residents and […]

Shortfall alerts rise to 61% for endowments

More than 60 per cent of mortgage endowment policyholders face potential shortfalls under the second round of projection letters, according to latest figures from the ABI.The ABI&#39s numbers for the quarter ending March 31 reveal that 39 per cent of endowment letters would be green, 26 per cent amber and 35 per cent red, meaning […]

&#39Compulsion only answer to pension shambles&#39

The Liberal Democrats are calling on the Government to bite the bullet on compulsory pensions and stop telling the public lies about its failing pension policies.In a damning attack at the conference, LibDem work and pensions spokes-man Steve Webb said the Government was guilty of undermining pensions while at the same time paying lip service […]

Western Provident Association – Flexible Health

Monday, May 13, 2002Type: Individual private medical insuranceMinimum-maximum ages: From birth-65Maximum benefit: No maximumCover provided: Standard cover – inpatient, daypatient and outpatientcover for cancer care. Inpatient and daypatient cover for hospitaltreatment, specialists fees, diagnostic scans and tests. Inpatientcover for prostheses. Outpatient cover for consultations with aconsultant/specialist up to £100 a year, MRI and CT scans, […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment