View more on these topics

Cautious thumbs up after IFAs meet with Sandler

IFAs have given Ron San-dler a cautious thumbs up for demonstrating a thorough knowledge of the issues affecting the industry, according to several IFAs who met with him this week.

Seven IFAs of the Group of 15 signatories of an open letter which appeared in Money Marketing in August had a two-hour meeting with the head of the Treasury-commiss-ioned review of the retail savings industry.

Among the topics discussed were commission fees, education stand-ards, qualifications, pol-arisation and investment knowledge of IFAs.

The seven advisers say they were encouraged by Sandler&#39s willingness to listen and his open-mindedness on many of the subjects.

This was the first time Sandler has had face-to-face talks with such a div-erse group of IFAs. Included in the group were investment specialists, a retirement planning adv-iser, a senior member of a big network and smaller players from the IFA community.

The 15 IFAs originally wrote to Sandler challenging him to meet with practitioners before he made any further assumptions about how IFAs work.

One IFA present at the meeting says his only concern is whether Sandler will be allowed to make recommendations if the Treasury does not agree with them.

Recommended

Peter Hargreaves

The various investment groups and life companies seem to enjoy different relationships between themselves than brokers enjoy with other brokers.Don&#39t get me wrong. Old Sun Unit Trusts and Boston Bombshell Unit Trusts never forget that they are competitors but they do get together and talk and enjoy friendly rivalry rather than brokers&#39 daggers drawn approach. […]

Taking aim

Friends Ivory & Sime has introduced its Isis Aim growth fund, an Oeic which allows investors to invest in companies listed on the Alternative Investment Market and the Techmark index.Looking at how the fund fits into the market,, Vaughan says: “Although this fund could be described as just another high-tech or dotcom fund, it is […]

Fragmentation fears over LIA&#39s plans for another quality mark

LIA proposals to introduce two quality marks for tied and independent advisers have been criticised by rival trade bodies which claim it could “muddy the waters”.The LIA unveiled the quality marks, Accredited Fin-ancial Adviser and Accredited Independent Financial Adviser with identical logos except for the insertion of the word independent last week.But IFAs and providers […]

Farnish role is to aid the public

One of the most often quoted members of the regulator, at least in the consumer press, is Christine Farnish. As director of consumer affairs, she probably has a higher profile than anyone else at the FSA other than chairman Howard Davies.Her official mandate is to promote public understanding of financial services and products and to […]

Treasury looks to address advice gap

By Jamie Clark, Business Development Manager, Royal London Hot on the heels of consultations on tax relief and pension transfers and early-exit charges comes a new investigation into the advice gap, and how this can be bridged. Ever since the new pensions freedoms were introduced, concerns have been raised about how people can get access […]

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