View more on these topics

Consumers&#39 Association comes out against Weinberg

The Consumers&#39 Association has slammed Sir Mark Weinberg&#39s proposal for three-tiers of financial adviser saying it will only lead to more consumer confusion.

And it will deploy research showing that consumers are not prepared to pay for fee-only advice to strongly oppose any recommendation by the Office of Fair Trading to change the practice.

The OFT has confirmed that it will definitely be taking a position on the issue at the start of next year, although it is still uncertain whether it will underpin any recommendation with a report.

Consumers&#39 Association senior policy researcher Philip Telford says: &#34We certainly do not share the views put forward by Weinberg because we broadly support the concept of polarisation.&#34


Scottish Life appoints deputy chief executive

Scottish Life has appointed Ruaridh Budge as deputy chief executive from January 1. He has been with the company for 28 years and is currently acting as chief executive until Brian Duffin takes over the role at the start of next year.

CGU presents Christmas hamper to first ever customer

CGU is going to present its first ever policyholder with a Christmas present she is unlikely to ever forget.Betty Boyes of Guisborough in Cleveland is to be presented with a hamper by CGU Life senior financial consultant John Smith.Smith says: &#34Congratulations to Mrs. Boyes on becoming CGU Life&#39s first policyholder. She was looking for an […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment