View more on these topics

CII calls for awareness of financial exclusion

The Chartered Insurance Institute wants to make IFAs aware of financial

exclusion by flagging the subject in the new FPC coursebook out in August.

The move comes as the FSA publishes research revealing the extent of the

exclu-sion problem.

The CII believes IFAs should take a similar approach to the excluded as

banks take to students by pointing them, for example, to the Citizens&#39

Advice Bureau, benefiting if those people have a reversalof fortune.

The FSA&#39s research, conducted by Bristol University&#39s personal finance

research centre, found 9 per cent of adults, or 1.5 million households,

have no bank or building society account of any kind and 20 per cent of

adults do not have a current account.

It also found 27 per cent of employees have no occu-pational or private

pension and one-third of households have no savings or investment products.

Director of consumer relations Christine Farnish says: “This research

provides us with the means of identifying areas where our efforts could

best be focused.”


IFA claims Friends is poaching his clients

A Swansea IFA says Friends Provident is trying to poach his clients againdespite his demand that the company takes them off its mailing lists.Hartley Greatbatch & Co IFA Keith Lewis is angry that one of his clientshas been invited to one of Friends&#39 inheritance seminars although he askedthe company to remove his client&#39s name after […]

Lowering the touch tone

“Good morning. Thank you for calling Preposterous Life, Call Centre 1, myname is Cynthia, how can I help you?”Does this ring a bell? When I hear this, I assume the staff have been on aVictoria Wood training programme. The problem is that Victoria Wood is acomedienne.We recently carried out detailed research with Swiss Re looking […]

It&#39s a new world for Axa Sun Life pensions

Axa Sun Life has launched its pre- and post-stakeholder pension pro-position which will focus on e-business.Starting in October, its new range, “new world” Axa Sun Life pensions,will have a single charge, a minimum contribution level of £20 and noexit penalties.The company says the range of pensions will include stakeholder-friendlypensions with a maximum 1 per cent […]

Framlington Investment Management has introduced the New Leaders fund

Framlington Investment Management has introduced the New Leaders fund, a unit trust that is aimed at mainstream investors willing to take a degree of risk. The fund will invest in a range of companies that are involved in technology, telecoms, healthcare, media, financial services and the Internet.Framlington believes that these areas have the potential for […]

The Natixis Solution: H2O MultiReturns Fund

A product designed to bring some unique attributes to the crowded absolute return global macro space With diversification and risk management top of investors’ wish lists when it comes to alternatives, step forward the H2O MultiReturns Fund. H2O Asset Management is an independent boutique backed by Natixis Global Asset Management and has a 14-year track […]


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 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