View more on these topics

DBS announces commission payment system

The DBS is implementing a new centralised IT system for commission payment to meet N2 requirements

Speaking today at the networks annual conference in Birmingham managing director Alan Taylor announced the new computer tracking system will be in full operation by May next year and must be used by all 3,000 RIs.

Members must submit a record for each piece of businsess done to DBS head office or the network will withhold commission payments.

Taylor says: “This is to meet the FSA reqiuirements for more robust recording of transactions.”

Recommended

HST abandons flotation to seek alternative financing

HST Financial, comprising a national IFA firm and network, is seeking funding from product providers, other UK companies or overseas investors in a bid to survive in the long term.The financial distribution company, made up of the Sage FS network, the Host Partnership national IFA firm and non-regulated sales support service Host Protection, has cancelled […]

Field calls for new basic pension

The Pensions Reform Group, led by former welfare minister Frank Field, has launched proposals to abolish pensioner poverty by creating a new basic state pension. The report proposes a new funded pension, the Universal Protected Pension, to be built up over 40 years and merged with the existing pay-as-you-go National Insurance based state pension. This […]

HBOS will merge brands in bid to be top-five player

HBOS is pitching to become a top five player in the retail investment market with the launch of a new giant asset management arm in the fourth quarter of next year.The new firm will bring together the investment operations of Halifax, Clerical Medical and Equitable Life, and will begin with a series of fund mergers […]

Deutsche goes for corporate bonds

Deutsche Asset Management Deutsche Corporate Bond + Fund Aim: Income by investing in investment and non-investment grade bonds. Minimum investment: Lump sum £1,000 class A shares, £500,000 class B shares, monthly £25 class A shares. Investment split: Investment grade bonds 80 per cent, non-investment grade bonds 20 per cent. Yield: 5.85 per cent. Isa link: […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com