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Aegon says RDR is opportunity to increase professionalism

Aegon Scottish Equitable has welcomed the FSA’s RDR proposals saying they should boost the professionalism of advisers and give more people access to affordable advice.

Head of business regulation Steven Cameron says the proposals are much wider than a move to change the adviser proposition or a debate on remuneration.

Cameron suggests the proposals to increase the transparency of the cost of advice and raise professionalism could be a catalyst to boost consumer confidence and encourage more people to seek advice.

He says: “It’s about serving today’s customers better and finding cost-effective ways of reaching new ones. We would encourage advisers to use the six month response period to think through what the options presented mean for current and future customers and their business models and feed their views into the discussion process.”


Merchant Investors slashes Sipp fee

Merchant Investors is cutting the charge on its Sipp by 58 per cent in a bid to encourage smaller investors.The firm is cutting the annual charge on its Sipp from £36 a month to £15 a month, hoping to broaden access. Minimum investment is £1,000. The offer is available until the end of this year.The […]

Scott says markets facing 20% fall

F&C UK growth and income manager Ted Scott predicts the market will see a significant correction of up to 20 per cent and is warning investors to exercise caution.In Cantos’s Market Brief interview this week, Scott says the market could be set for a significant correction of 15 to 20 per cent.He does not foresee […]


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