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Comment of the week: Too little too late on consultancy charging?

I welcome this move by the DWP but why in god’s name didn’t this happen one, two or three years ago?

I am afraid neither the FSA or Mr Webb have the slightest idea what a corporate adviser actually does, let alone what real employers and their employees actually want.

Thank God the DWP are trying to find out six weeks after RDR took effect but isn’t it a case of too little too late?

Michael Whitfield

Chief executive

Thomson Online Benefits



Standard Life to switch off trail on selected legacy products

Standard Life has confirmed it will switch off trail payments on 12 of its legacy products when clients carry out certain non-advised transactions on their investments. Standard will switch off trail if a client increases or restarts regular payments, adds or changes their indexation or makes ad hoc payments to a policy. Standard says the […]

Ask LifeTalk

LifeTalk launches consumer website

Financial adviser social network LifeTalk has launched a new website where consumers can consult its membership about their finances. Ask LifeTalk allows consumers to post questions to be answered by LifeTalk’s 9,000 adviser membership. There is no limit on the number of responses that can be given to queries and consumers can remain anonymous. The […]


FSA bans Cru IM co-founder for lack of integrity

The FSA has banned former Cru Investment Management Limited co-founder Stephen Danner for failing to act with integrity. Cru Investment Management marketed the CF Arch cru investment funds to IFAs and was closely involved with the establishment of the funds, which were suspended in March 2009 due to a lack of liquidity. Danner, who was […]


Fund manager reclassifies Greece as ’emerging market’

US asset manager Russell Investments has reclassified Greece from a developed to an emerging market, claiming the nation has been a “world concern” since it revealed unsustainable levels of debt in 2009. According to The Telegraph, Russell says Greece has been on a downward spiral towards the new status since 2010. The fund manager, which […]


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