View more on these topics

ABI warning about defined payment

The ABI has warned the introduction of the defined payment system could lead to a decrease in the number of IFAs.

Other than its concerns over the funding model for IFAs, the trade body has welcomed the depolarisation proposals, saying more choice at the tied end of the market will mean greater choice and innovation for consumers.

The ABI also welcomes the FSA&#39s interest in two tiered advice saying moving away from a “one size fits all” attitude when it comes to financial advice makes sense.


Supermarts take 22% of March&#39s £1bn Isa business

Sales of unit trust and Oeic Isas dropped by 24 per cent in March compared with last year despite sales reaching almost £1bn as investors clamoured to take advantage of their allowances.Figures from the IMA show that sales rocketed by 87 per cent to £992m in March from £531m in February, bringing total gross sales […]

Aifa slams defined payment system

Aifa is calling for a fundamental rethink of the FSA&#39s defined payment system proposals set out in CP121.The body has branded the defined payment system as impractical, bureaucratic and likely to lead to a significant reduction in the number of IFAs.Aifa is proposing a “menu” option where IFAs would inform clients up front about product […]

Scottish Life takes stance against defined payment

Royal London and its marketing division Scottish Life are taking a stance against the FSA&#39s view that an IFA must use a defined payment system to be classed as independent.The group&#39s response to CP 121, Reforming Polarisation, says it is market choice and a best value and suitable product that characterise independence, not the method […]

Norwich Union Healthcare – Solutions

Tuesday, 1 May 2002 Type: Group private medical insurance Minimum-maximum ages: 16-none Minimum group size: 50 Maximum benefit: None Cover provided: Core cover – hospital charges, specialists&#39 fees, diagnostic tests, radiotherapy, chemotherapy, specialist consultations, physiotherapy, chiropractic treatment, osteopathic treatment, psychiatric treatment, nursing at home, private ambulance, parent hospital accommodation staying with child, hospice care, NHS […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm