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CA call to maintain status quo

The Consumers&#39 Association is calling for the status quo to be maintained

following the publication of the London Economics report on polarisation.

The CA says adding a third tier to the advisers&#39 spectrum, as suggested in

the report&#39s section on multi-ties, will add to consumers&#39 confusion.

The report says the term financial adviser should be slotted in between

independent financial adviser and tied agent although LE admits this would

mean strengthening disclosure.

One of the major industry criticisms of the report is that it failed to

consider the option of the status quo. There is no industrywide consensus

over whether the current situation needs to be altered but it is thought

the Treasury is leaning towards multi-ties.

The FSA is studying the report before making a recommendation to the Treasury.


Pru says IFAs are integral to £2m with-profits push

Prudential is making IFAs a central part of its aggress-ivecampaign to grow and dominate the with-profitsbond market.In what it describes as a “landmark decision”, Prudential IntermediaryDivision is spending £2m on a marketing push geared at generatingleads for IFAs on the back of its revamped Prudence bond.The campaign starts this week and will run for three […]

Birmingham Midshires is aiming to capitalise on fears

Birmingham Midshires is aiming to capitalise on fears investors may have about future stockmarket drops by introducing the Guaranteed Investment Account.It is designed for investors who are looking for stock market growth but who are wary about stockmarket falls similar to those seen recently. The product is a two-year guaranteed equity bond that tracks the […]

Investment View

You read it here first. Last week, the Government published details of theIndividual Pension Account, mentioned in this column several weeks ago. Thepossibility of such a savings animal being set loose was first mentioned ata conference on self-invested personal pensions, to which I contributed, inJune. IPAs will replace pooled pension investments (although I am notconvinced […]

Assureweb and Skandia open supermart

DBS-owned Assureweb and Skandia are teaming up to launch an onlineMultiFund supermarket for IFAs.It is due to go live early next month and will offer IFAs online access toover 160 funds from 20 leading fund management companies.The line-up includes big names such as Aberdeen, Gartmore, Fidelity,Henderson, Jupiter, Perpetual, Newton, Schroder and Threadneedle.Skandia and Assureweb say […]


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