View more on these topics

Broker

Is there a need for greater clarification of the relationship between advisers and providers where the provider has a stake in the adviser firm?Yes 75%No 25%No “I don’t think it makes any difference as the compliance structure is so strong that the potential for IFAs to be churning or favouring a provider is nowhere near as bad as it used to be.”

David Holmes, David J Holmes Financial Planning & Investment Services

Yes “I think a client needs to know about the links that an adviser has although I am not sure what the legislation would be.”

Nigel Charlwood, Concerva

Yes “You always need that, otherwise people could be accused of a conflict of interest so more transparency is required.”

Phil Turning, Strategic Financial Planning

Yes “Advisers who are members of such firms need to make sure there is total transparency. These big advisory firms have not got the cash to run without providers to back them. Something is wrong with their model when the only way is to survive is to put cash in from providers.”

Robert Meacock, Meacock & Co.

Yes “I think there is a need for greater transparency although I do not think there is anything untoward in the links.”

Nick Fletcher, MGP Investment Management

No “We do not have links but it is in the terms of our business that we would tell you if we did. You would expect the FSA to ensure all firms owned or linked with life companies would make it clear.”

Chris Worthington, North West Independent Financial Services

Yes “There is a need for this. It is not treating customers fairly to fail to make the link between provider and adviser clear.”

Peter Miller, Peter Miller Financial Services

Yes “Customers have to understand what conditions, influence and constraints are being put on the firm, especially if it is using the independent title.”

Anthony Ransom, Anthony Ransom IFAMoney Marketing welcomes readers’ letters for publication. Letters should be sent to: The Editor, Money Marketing, 50 Poland Street, London, W1F 7AX.

Recommended

Deadline stays for pension age rules

The Government has refused to extend the December 1 deadline for pension trustees and employers to comply with the EU anti-age discrimination rules despite issuing the final regulations less than two weeks ago.

Standard hits back at critical analysis

A City analyst claims that Standard Life is plagued by poor pension persistency, internal churn and a limited back-book value and is likely to underperform.Analyst Fox-Pitt Kelton says Standard is its least favourite UK insurance stock after ranking life companies between 1996 to 2005, scoring firms on new premium growth, reserves, expenses, persistency and margin.Its […]

Stroud & Swindon expands BTL range

Stroud & Swindon Building Society has expanded its buy-to-let range with four new buy-to-let mortgages. It claims these products are ideal for BTL investors looking to protect their portfolios against further interest rate rises. Sales director Paul Chafer says: “As part of our new portfolio of mortgages, we are delighted to be able to offer […]

FSA fines GenRe UK £1,225,000 for reinsurance failings

The FSA has fined General Reinsurance UK £1.225m for arranging two improper reinsurance transactions.The regulator says it breached principle 2 by not conducting its business with due skill, care and diligence and principle 3 by not organising and controlling its affairs responsibly and effectively.The first transaction was signed in 1999 and then renewed three times […]

India GDP surprise

By Kunal Desai, head of Indian Equities, Neptune Kunal Desai, manager of the Neptune India Fund, comments on the strength of India’s latest GDP figures. Click here for more Important Information Investment risks The Neptune India Fund may have a high volatility rating and past performance is not a guide to future performance. The value […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com