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Black to the future

The recent MM profile of Towry Law chief executive Douglas Black prompted

an unprecedented response from readers but one correspondence caught the

Diary&#39s eye more than any other stunt on the back of the IFA&#39s current bete


Scottish Life general manager (sales) Jim Gilchrist was so inspired by

Black that he suggested someone should establish a Douglas Black Award for

services to the insurance industry, given that he claims to have saved it

£20m in spite of the £30m claimed from the ICS for Advizas&#39

pension misselling liability.

The Diary suggests the award should be made to companies as well as

individuals. FIrst winner In the company category must be ScotAm parent

Pru. IFAs the land over will be thanking it for “concentrating” its IFA

focus by shelving initial commission.


Clarke vow to review the scope of the FSA

Conservative leadership candidate Ken Clarke has vowed to review the scopeof the FSA within two years if he is elected leader, as part of the party&#39spolicy towards financial services. The former Chancellor has committed himself to splitting the roles ofchief executive and chairman following the term of Howard Davies andconducting a wider ranging review of […]

Product Matters

Friends Ivory & Sime has announced it is setting up a new retail investment business, Isis, with the launch ofthree Oeic funds under the new brand on September 3. The Isis UK dynamic fund, to be managed by Rodger McNair and Richard Bell,will by nature be higher risk, with stockpicking likely to be bothselective and […]

Annuity Bureau calls for rule changes

The Annuity Bureau is calling for new legislation to forceinvestment-linked annuity providers to allow transfers from one provider toanother to provide a lifeline to annuitants locked into poor-performingfunds. The specialist IFA is arguing for the change in light of the poordeal Equitable Life annuitants receive and also for policyholders optingfor riskier investment-linked annuity products.

Take a DIY approach to industry makeover

As we head towards N2, it is important for financial advisers to takestock of their attitude to professional standards. Our experience of regulation for the past 13 years could be said to haveproduced a dependency culture where people look to the regulator to tellthem about standards. My question is whether the regulator is the sole […]

Leading Edge June – Investment panel debate

RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]


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