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80% of advisers see single EU regulator in the next 10 years

Almost 80 per cent of IFAs believe there will be a single European Union financial services regulator within the next decade, according to August&#39s online survey by technology specialist 1st Software.

Around 1,000 visitors to the 1st Software website responded to the 1st Impressions poll which was carried out to measure the opinions of firms on a range of industry and technology issues.

Every two weeks, new questions appeared on the site and the data was collected and analysed electronically and independently.

Forty-two per cent of respondents see stockmarket uncertainty as the biggest threat to their business, 36 per cent cite new regulations and 16 per cent see banks and building societies as the biggest threat. The remaining 6 per cent see companies such as Virgin and Egg as the greatest problem.

Opinion is split over the effect of depolarisation on the industry, with 43 per cent seeing it as a threat and 36 per cent seeing it as an opportunity.

On the impact of CP121, however, opinion was more clear, with 70 per cent saying they do not believe that consumers will benefit.

Managing director Rory Curan says: “Our new online poll is designed to capture the opinions of a wide range of IFAs and professional intermediary firms in a timely and efficient way.”


Green for go

Pensions have occupied the minds of many people this year, all coming from various angles and with different perspectives but with a common goal in mind – to make sure that more people have a decent income in retirement and will not have to face a retirement in poverty. But how do we get there?Hard […]

Money Marketing scoops ABI prizes

Money Marketing won the life insurance/pensions trade publication of the year prize for the second time in a row at the ABI&#39s annual Financial Media Awards this week.Held at the Royal Lancaster Hotel, the awards honoured both past and present MM staff, with former deputy news editor Rachel Stevenson – now with the Independent – […]

AMP bill for Towry Law reaches £135m

AMP has splashed out a total of £135m on integrating and keeping its Towry Law subsidiary afloat last year.Figures revealed by leading industry analyst Ned Cazalet&#39s Life 2002 reveal that AMP has dipped into its ailing Pearl with-profits fund to the tune of another £30m to fund the integration on top of its £75m purchase […]

Focus of Government pensions Green Paper revealed

The Government&#39s Green Paper on pension reform will focus on three key areas according to Baroness Hollis of Heigham, a Department for Work and Pensions minister in the Lords.The paper will look at workers who can afford to save for their retirement but are not currently doing so, those saving but who would benefit from […]


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