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Bamford describes Menu requirements as premature in advice process

Informed Choice managing director Nick Bamford believes the Menu requirements announced yesterday fall “prematurely” in the advice process and believes it should come after an initial client consultation.

He says Informed Choice includes commission or fees disclosure in its engagement letter and then again in the key features document, describing its commission disclosure as “very robust”.

Bamford says: “I really wonder if the FSA understands the process the IFA goes through with a client. Although the Menu has positive virtues and will improve the relationship between clients and advisers I think that it comes in at the wrong stage of the consultation process with a client.”


FSA says Menu will reduce overpaying risk

Firms will be required to present clients&#39 payment options and illustrative commission amounts for the firm and the market in a standardised format under the FSA&#39s new pricing menu.The FSA says the move should mitigate the risks of consumers paying too much for financial advice, as it expects the Menu &#45 which will show both […]

Ruffer aims to pick the Pacific opportunities

Ruffer Investment Management is launching a Pacific fund to invest in the Asia Pacific region on an absolute-return basis. Ruffer says it is upbeat on the prospects for the Asia Pacific region because of significant improvement in the region&#39s economies, financial systems and corporate sectors over the past few years, as well as the favourable […]

Ruffer expands to Pacific

Ruffer Investment Management has brought out a fifth fund, the CF Ruffer Pacific fund. This Oeic aims to deliver consistently positive returns by investing in companies in the Asia Pacific region, which includes countries such as Japan, Hong Kong, Singapore and Australia. The fund contains around 28 holdings and is benchmarked against the MSCI Asia […]

Eagle is not only MVA offender

Further to Julian Mumford&#39s letter (Money Marketing, February 19), I can inform him and everyone else who may be interested that this problem with market value adjusters does not rest solely with Eagle Star. Having undertaken a review of with-profits bond holdings, we have discovered that this penalty ploy is being applied both by Norwich […]

How do you choose the best online service?

By Ross Jackson, senior marketing manager There are many different protection online services available in the market and no doubt you’ll have used a few when submitting protection business. But why should you have to put up with slow, unresponsive sites for your business when you’re used to dealing with slick, modern user experiences in your […]


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