View more on these topics

Depolarisation will lead to narrow panels says E&Y conference

Polarisation will lead to IFAs moving to narrow panels offering consumers a restricted choice according to a survey of delegates at the Ernst & Young Financial services Summit in Edinburgh today.

A poll of delegates shows 74 per cent believe depolarisation will lead to major IFAs offering a narrow product range, while 26 per cent think choice will not be watered down.

Recommended

Govt is urged to top up savings for less well-off

Virgin Money is calling on the Government to introduce acontribution-matching scheme to encourage the take-up of savingsproducts among low-income groups.It is calling for a means-tested scheme that would see the Governmentmatching savers contributions pound for pound up to a limit of£500.Virgin is also calling for the Government to stop promoting cautiousmanaged funds within the Sandler […]

NPI for sale as AMP plans a fresh start in UK as Henderson

Australian financial services giant AMP is demerging its UK operationand is looking to sell the NPI and Ample arms.The firm hopes the move to separate its Australian and UK operationswill give it a “fresh start” after lacklustre results following itsentry into the UK market.The move will see AMP&#39s UK business, consisting of fund firmHenderson Global […]

Friends&#39 business up 10% in Q1

Friends Provident&#39s life and pension business rose by 10 per cent inthe first quarter of this year.Sales reached £92m on an equivalent premium income basis from£84m in the first quarter of 2002.Total new life business grew by 31 per cent to £38m EPI in thequarter from £29m. New savings and investment business was up by24 […]

Flight flays political elite for persecuting advisers

Conservative Shadow Treasury Chief Secretary Howard Flight haslambasted the “politically correct establishment” for its repeatedvictimisation of IFAs over the last several years.Delivering the keynote speech to the LIA&#39s annual conference inLondon last week, Flight was scathing towards what he perceives asefforts by the political elite to get rid of IFAs but he welcomed thefact that […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment