View more on these topics

Are laundry rules a waste of time?

Not only are different companies interpreting the money-laundering rules in different ways but we also have a whole new swathe of paperwork to deal with.
No doubt, the extra costs which we have to bear will be amply covered out of the generous 1 per cent annual charges. Not to mention the time cost which will further detract from the advice process.
It would be interesting to get some feedback on money-laundering statistics. Has any IFA money-laundering activity led to the apprehension of any dastardly individuals or is it all just a complete waste of time?
If anyone has any statistics then please let us know.

Peter Richardson
Investors Planning Associates


Charging a fee Would have lost us four clients

I refer to Money Marketing&#39s survey in the September 12 edition on whether the public are prepared to pay fees and would like to point out a practical example that I have come across recently.Four new clients were referred to me for financial appraisal from Professional Connections and, without exception, each asked me how much […]

Child&#39s play

When planning to provide for the financial future of children, once we move beyond the tax-free environment offered by tax-exempt friendly society plans and Isas, we move into the world of collective or non-exempt insurance wrappers. Regardless of whether the investments are offered by UK or non-UK companies, the choice for long-term saving for the […]

Stakeholder &#39failing to plug pension gap&#39

The average monthly contribution to an employer-sponsored stakeholder scheme is just £44, which is £250 less than someone needs to save each month to produce a pension of half their salary, according to the Trades Unions Congress.Research released by the TUC at its annual conference in Blackpool last week analysed Inland Revenue statistics revealing the […]

FSA says two million could make switch to stakeholder

The FSA estimates that two million people with personal pensions should consider transferring to stakeholder.Its paper, To switch or not to switch, that is the question, published last week, sets out the issues that consumers face when considering switching from a personal pension to a stakeholder.The paper also says that those considering switching should seek […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. h8D5s9 fnckdbyelmig, [url=]ejakipnegloq[/url], [link=]wexnoztdrnny[/link],

Leave a comment