View more on these topics

Broker Talkback

Is the ABI&#39sMary Francis right to tell the Government to keep out ofproduct design?

“Yes. I think it should be left up to the industry members themselves.”

John Sharman, Sharman & Co

“Yes. When you look at Catmarks, stakeholder, IPA and all the ill thought out draft legislation the Government has devised, you realise the Gov-ernment has got it consistently wrong.”

Brian Dennehy, Dennehy, Weller & Company

“Yes, absolutely. I would have more confidence in the Governmentif any of them had actually had a real job.”

Barrie JefferyC&J Independent

“Market forces should dictate what people want, not Governments.”

Steve WhitePall Mall Financial Consultancy

“It is not the Government&#39s place to get involved with product design. They provide the framework but the industry should get on with design.”

Mike Whieldon,Mike Whieldon Financial Services

“Yes. The role of Governments is to set the framework, not to design financial products, no matter how tempting the desire may be.”

Neil Franklin, Franklins Financial Services

“Yes. Overall, she would be right but, with stakeholder, the Government has been lucky. The Government has ach-ieved a great deal for the people they haven&#39t been interested in.”

George Rutt, George Rutt & Co

“She is definitely right. The problem is that when people who don&#39t know what they&#39re doing get involved, they tend to fix one thing and ruin about three others. Stakeholder has been a mess.”

Ivor Sampson,Ivor JT Sampson Financial Services


Newcastle introduces RESI bond IV and V

Newcastle Building Society is bringing in two new issues of its residential enhanced secure indexed (RESI) bond.Issue four and issue five of the RESI bond are three-year guaranteed equity bonds which track the Halifax house prices index. The index follows changes in average house prices across the UK every month.Issue four will offer an interest […]

Julian Gibbs

Some months ago, I wrote about an alternative to with-profits bonds. This was Scottish Life International&#39s protected worldwide with-bonus fund, which invests across the four major stockmarkets as well as the Nasdaq 100.In the first quarter of this year, it produced a return of 3.37 per cent despite the fact that world stockmarkets were very […]

Misconceptions lead to low take-up of protection cover

Most families are underinformed and underinsured for the possibility of serious illness or death, according to research commissioned by Scottish Provident.The survey, conducted by Mori Financial Services, reveals 56 per cent of people have no life insurance cover.It shows misconceptions and a lack of understanding of the options available are responsible for people having inadequate […]

Davies looks at flexible NAPF theme

The National Association of Pensions Funds is aiming to explore the theme of “securing the future” at this autumn&#39s conference.The event will be held at London&#39s Queen Elizabeth Conference Centre on November 23 and will feature a keynote speech by FSA chairman How-ard Davies.Davies will look at the main conference theme of how greater flexibility […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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 thought leadership.

    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