At last, progress appears to have been made. The FSA is now looking at a pragmatic solution to the QCA level 4 dilemma. Time is being spent evaluating the core functions of the role of an adviser and ensuring that there are appropriate qualifications to meet these standards.
A recent report from Barclays Stockbrokers shows that investors trading in exchange traded funds increased by 162 per cent from October to December 2008, compared with the previous three months.The number of accounts holding ETFs increased by nearly a quarter (23 per cent) and today half of investors hold ETFs within stocks and shares IsasThis is an extraordinary growth story, particularly as it has been achieved in the face of growing economic uncertainty and equity market declines. However, within this trend is a subplot of its own that most investors do not appreciate – the growth of exchange traded notes. ETFs remain the dominant share class with an asset value of £430bn but ETNs now account for £4bn of this and the number is increasing.
We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]
A few weeks ago, I was bold/stupid enough to suggest that as an industry we can be too eager to dive into the technical nitty gritty and gloss over some of the simple but important bits – understanding the stuff people like and want, then delivering said stuff in a way that floats their boat. […]
Why is a change required when the industry has shown it can do the job? Rightly, there seems to be universal demand for faster transfers between investment platforms when consumers want to switch. The FCA has made it clear it expects this to happen and if it doesn’t, platforms could be facing penalties. In its […]
More than 600 firms have signed up to the Personal Finance Society’s new standard aimed to improve defined benefit transfers since its launch last month. It consists of consumer guide for DB transfers that is meant to help consumers better understand what to expect from regulated financial advice. The guide defines an adviser code based […]