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First State launches survey of IFA polarisation attitudes

Australian fund manager First State Investments and fund analysts Standard & Poor&#39s have launched a survey aimed at discovering what IFAs think about the FSA&#39s depolarisation proposals.

The study will look at whether the UK saving public can be convinced to recognise financial advice as a professional service which should be paid for by fees, whether IFAs can survive on fee income alone and what options IFAs are likely to follow if the FSA&#39s proposals come into effect.

Evaluation of responses will be processed within weeks by Standard & Poor&#39s teams in the US. The results will then be distributed to both IFAs and the FSA.

First State chief executive Rob Adams says: “We wanted to ensure there was quality research into proposed changes that could dramatically affect the livelihoods of thousands of IFAs. The survey is designed to crystallise IFA perceptions on the issues surrounding depolarisation and put them into hard statistical fact. Survey participants will have access to the information and we will make the findings available to the FSA.”


Virgin Money reinvents itself with loan range

Virgin Money is planning to set up a range of mortgage products in a bid to capitalise on former sister company Virgin One losing the Virgin brand from its title at the end of the year.Current account mortgage provider Virgin One has to rebrand by December 31 under an agreement struck between Royal Bank of […]

BSA slams watchdog on product rulings

The Building Societies Association has slammed the Financial Ombudsman Service for what it sees as a series of unjust decisions against its members on Tessas, Isas and mortgages.At the BSA Conference in Bournemouth last week, chairman and Coventry Building Society chief executive Martin Ritchley criticised chief financial ombudsman Walter Merricks for his recent rulings against […]

&#39Adequacy rules may mean firms pulling out of markets&#39

The FSA proposals on capital adequacy for life offices could lead to providers pulling out of certain areas of the market and increase consolidation, warns the ABI.The FSA last week issued CP136, Individual Capital Adequacy Standards, which proposes moving from a one-sizefits-all approach to a risk-based system reflecting the type of business being written. The […]

Jeeves serves up financial data

Internet search service Ask Jeeves UK is moving into financial services with the launch of a money channel on its site.Consumers will be able to ask Jeeves to answer their money queries and help them compare quotes and terms across a range of personal financial products.The site, which goes live this month, is built around […]

Where next for the price of oil?

Having stabilised at around $65 a barrel, many investors are questioning if the price of oil will rise, and when. Richard Hulf provides his view. Richard Hulf, manager of the Artemis Global Energy Fund, sets out his thoughts about how the oil price may move through the next six months. At the start of the […]


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