View more on these topics

Dance of the Severn veils

I have just heard, although not from
Aifa, that David Severn, former head of retail investment policy at
the FSA, is to replace Paul Smee as Aifa director general.

This is either an aston-ishing and very intelligent move or Aifa as
an organisation will be hamstrung as it will be led by someone who
may not be prepared to fight our corner vigorously and with
partiality so that IFAs’ interests are inhis mind and he does not
mind upsetting the FSA.

I know which way I am inclined to lean and I shall be very interested
to see how quickly David Severn dispels my very real concerns – and I
suspect those of many others – and demonstrates his new-found zeal
for IFAs.

I was also perplexed – but only momentarily until the reality of
politics returned to me – as to how Aifa can exclude anyone who is or
was an IFA from being director general and then appoint a former head
of the FSA.

This decision would appear to not only be an example of double
standards but hurled squarely in your face as well.

David Barnett DPB Independent Financial Services, Edgware, Middlesex


URL never work alone

There are good reasons why online mortgage delivery has failed to take off in the UK.

Depolar bears

It has been two years since the FSA doomed polarisation and now the industry finally knows just what what the future holds.

Growing pains

WESLEYAN ASSURANCEWesleyan Growth BondType: Capital-protected bondAim: Growth linked to the performance of the Wesleyan Life managed fundMinimum-maximum investment: £10,000-£500,000Term: Six yearsReturn: 100% of the growth in the Wesleyan Life managed fundGuarantee: Original capital returned in full regardless of performance of the underlying fundClosing date: December 31, 2004Charges: Investments under £25,000 – initial 10%, £25,000-£50,000 – […]


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