View more on these topics

BSkyB switching on TV channel for IFAs

BSkyB is aiming to revolutionise the UK financial services market with a new interactive digital TV channel dedicated to IFAs and other intermediaries.

The multi-million-pound venture has the working title of The Financial Channel and aims to offer product providers a platform to communicate with IFAs, provide news and analysis and offer interactive continuing prof es sional development.

BSkyB has already launched business-to-business channels for the automotive and drinks industries. It says it identified the financial services sector as dynamic but also one in need of a new approach to raising standards and best practice.

The company is seeking input from across the industry to help shape the strategy and content of the channel. Sky will also offer a parallel website and extranet service. The move could have a serious impact on common trading platforms such as Ass-ure web, The Exchange and M-link as well as the way that IFAs are trained.

BSkyB head of development Bruce Cuthbert says: “We are in preliminary discussions with providers, the regulator and trade bodies. One of the core planks of this is training and providing a cost-effective platform for providers and broker consultants. We are looking to help raise standards and ultimately to offer consumers a better deal.”

Initial reaction from IFAs and providers looks hopeful for Sky&#39s latest venture, with Standard Life and Norwich Union both welcoming the move.

Maddison Monetary Management managing director Mark Howard says: “It is a very positive move. Anything which proactively supports the ind ustry must get the thumbs-up from advisers. Interactive TV is the future and many IFAs are more susceptible to digital TV than they are to the internet.”

Scottish Life head of communications Alasdair Buch anan says: “If the cost basis of this stacks up, this sounds a very interesting proposition. It makes training a lot more accessible and could remove the need for advisers to congregate at life offices.”

Details, p2

In a three-page training focus, Tony Tudor of the Chartered Insurance Institute responds to IFA criticism of the G60 exam while the FSA&#39s new plans to extend competence levels are assessed

Recommended

Nottingham Building Society – 2 Year Discounted Mortgage

Thursday, 9th November 2000.Discounted term: Two years.Discount: Up to 75 per cent of valuation 2.1 per cent, 76-90 per cent of valuation 1.9 per cent, 91-95 per cent of valuation 1.7 per cent.Payable rate: Up to 75 per cent of valuation 5.39 per cent, 76-90 per cent of valuation 5.59 per cent, 91-95 per cent […]

Individual plans gain ground

In the race to get stakeholder pensions registered with Opra, individual plans are gaining ground over group schemes.Opra and the Inland Revenue say 15 companies have applied to register stakeholder plans and five of these, Barclays, Britannic, NatWest Life, Norwich Union and Royal & Sun Alliance, have successfully had their individual stakeholder plans approved.The only […]

Chancellor aims to widen share ownership

CHANCELLOR Gordon Brown has revealed a tax boost to employee share options in his pre-budget speech. The move sees the introduction of three measures aimed at encouraging more employees to take a stake in the ownership of their company. Brown hopes the measures will boost productivity by increasing employee commitment to growth in the enterprises […]

IFA Falcon Group expands

THE British Chamber of Commerce (BCC) which represents 126,000 firms from all business sectors, nationwide has agreed a stakeholder pension scheme with Prudential. The scheme will be launched later this month and follows Prudential’s announcement in July that it had become the commercial partner for the TUC stakeholder pension scheme. BCC director general Chris Humphries […]

Solving the income puzzle

There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment