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First Direct welcomes FSA proposals

First Direct has welcomed the proposals by the FSA to dilute the polarisation regulations.

The internet bank says the loosening of the multiple provider restrictions will result in the consumer having more choice and make the process more straightforward.

First Direct chief executive Alan Hughes says: “The Government&#39s intention to increase choice, simplify purchase and make comparison easier for consumers, particularly for direct offer, is something we applaud.

“I agree with the FSA that there will still be a very major role for independent financial advice, that&#39s why we will offer it from January 2001. We welcome these changes.”


Government to liberalise polarisation

The Government has announced the phased abolition of polarisation in favour of the introduction of multi-ties. Immediate action will be taken to liberalise the polarisation regime for stakeholder pensions, potentially Cat standard Isas and in a surprise move fund supermarkets. The move will then be extended to cover all investment products in the long term.

DBS appoints new product provider manager

DBS has appointed Jackie Ison as product provider manager as part of its drive to develop more business initiatives with providers. Ison was previously products and marketing manager with Halifax IFA where she was responsible for product research and development, marketing and negotiating terms with providers. Ison says: “I&#39m looking forward to further developing DBS […]

Professional tactics

Tony Solomon Marketing communications director,Zurich Financial ServicesIFAs should team up with solicitors and accountants. Financial services are a natural extension to the professional practitioner&#39s role and IFAs have the expertise and credentials to respond to a client&#39s needs for independent financial advice.But while we all recognise the wisdom, benefits and profitability pros pects, linking up […]

Highs and lows of the 1% world

A low-charging financial market could end up splitting the IFA community. Since the Government got involved in designing products, the prospect of stakeholder prices being applied across all financial products is seen by many IFAs as inevitable.How advisers respond to this environment is still up for debate but the advice market could be divided in […]


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