View more on these topics

Few IFAs believe generic advice would lift saving

Only 16 per cent of advisers believe generic advice will improve the take-up of savings products.

Research by Unbiased.co.uk. shows that 24 per cent of IFAs believe generic adv-ice will lead to a decline in take-up of savings products and 61 per cent think that it will have no impact.

Unbiased.co.uk says IFAs welcome the apparent FSA U-turn on linking the word “independent” to remuneration methods rather than whole-of-market advice.

It says IFAs favour increasing the level of qualifica-tions among their profess-ion, with 74 per cent stating that it is important to hold incremental qualifications over and above the current benchmark.

Chief executive David Elms says: “We have seen a multitude of different views and opinions on the future shape of the UK financial advice market over the last six months.

“Looking forward, the debate needs to focus on the nitty-gritty of creating transparent payment options for consumers that apply on a level playing basis across all distribution types.”

Recommended

McCarthy plays down effects of his departure

Sir Callum McCarthy says his departure this year from the FSA will not herald a change in policy direction from the regulator.Speaking last week at the Cass Business School in London, the FSA chairman said that a change in senior personnel would once have caused uncertainty in the industry but not any more.McCarthy said: “When […]

Thinc Group acquires Watterson Wealth Management

Thinc Group is expanding its wealth management offering with the acquisition of Watterson Wealth Management. The Knutsford-based firm, servicing the high net worth end of the market, brings 18 staff including three advisers into Thinc. It looks after over 250 clients and has £152m funds under management. The deal was completed for an undisclosed sum.Thinc […]

Former Skandia head Jim Roberts joins Sarasin & Partners

Sarasin & Partners has appointed former Skandia group investment director Jim Roberts as the group’s non-executive director.Roberts, who was also chairman of Skandia investment management, will look to build on Sarasin & Partners drive into the mainstream UK wholesale market.Sarasin & Partners managing director Guy Monson says: “We are very pleased to have attracted Jim […]

Greg Broomer 2

Survey looks at the challenges facing businesses post auto-enrolment

A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.

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