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Broker Talkback

Do you agree with calls from FundsNetwork and Standard Life for the FSA to bring in a single key features document for fund supermarkets?

Yes “Anything that tidies the process up is a good idea. There is not anything wrong with the current system but it can be a bit confusing at times.”

John Kennedy, Sovereign Financial ServicesYes “Sometimes things can get messy so it would be great to only have one KFI but I am not holding my breath as these things do not always happen as you would wish.”

Phil James, Simplicity FinancialYes “I am all in favour of that. Anything to reduce bureaucracy and paperwork.”

Christopher Le Backhouse, Garrison Investment AnalysisYes “It makes it simpler for the IFA, saves us time and the client is still getting the same advice.”

Kieran McDaid, Alphin Insurance ServicesYes “Because it would save us a lot of aggravation. It would be a sensible idea. My desk is full of compliance paper and I think someone should make at least one thing simpler for advisers.”

Chris Crowhurst, Ovalmere Financial ConsultantsYes “I would be in favour of it in principal but I think it is impractical and would not work in practice. It would be great to reduce the burden of administration in this way but every product is different and I do not see how this would work.”

Nicholas Horsley, PFD Financial ServicesNo “It would be great if it was possible but I do not see how the disclosure would be able to be simplified in this way.”

Stephen Wilson, Rothmere Wilson Financial ServicesYes “I do not use platforms at the moment but simplification to areas such as the key features document might make me look again.”

Martin Wood, Spectrum Financial Services Money Marketing welcomes readers’ letters for publication. Letters should be sent to: The Editor, Money Marketing, 50 Poland Street, London, W1F 7AX.

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