View more on these topics

Foot on the peddle

So now we have it from the horse&#39s mouth. After years of boasting about “qualitative” research and promotion of the “best” products, Peter Hargreaves has finally admitted his firm has never been independent but multi-tied (Money Marketing, February 14).

Those of us who criticised Hargreaves Lansdown and other so-called national IFAs as product peddlers have been proved right.

As CP121 relied heavily for its bias towards multi-ties on the activities of national IFAs, such as Hargreaves Lansdown, who have been regulated as “independent” but practised as the well-paid arms of product providers, representation to the FSA for scientific research into the work of genuine IFAs is a legitimate request.

Philip Thomas

Thomas Financial Planning, St Helens,

Lancashire

Recommended

FSA turning tables on fund managers

Choosing an investment fund is now apparently easier than ever before.Investors need to simply log on to the FSA&#39s comparative tables website, select one of the six available fund sectors and rank their short list in alphabetical order or in terms of charges.Past performance, risk and investment process need not play a part in the […]

Insurance and banking – like oil and water

Several years ago members of the Chartered Insurance Institute thwarted a move by the Institute of Bankers to take over the CII by the back door.For years a number of industry personalities have been pointing out that the bankers wanted our market place, our clients and the insurance companies&#39 money.“Coalescence” is the last thing that […]

Appointments at Royal London

Royal London has announced the appointment of Chris Ide as chief executive of its retail operations. Ide joined the mutual in late 2000 and has been leading the provider&#39s push into new markets and methods of distribution.Before Royal London, Ide headed up Swiss Life&#39s European division based in Zurich. Prior to that he was Swiss […]

TBO prototype multi-tie protection deals on net

TBO Corporate Benefits Consultants is setting up an online multi-tie distributor for term insurance and mortgage protection as a prototype for a full multitied adviser post-polarisation.Monevate will offer comparative quotes and straight-through processing for term and mortgage protection by June.Stakeholder and Isas will follow. Full online multi-tied advice will be offered if polarisation is scrapped.Consumers […]

Time to stop the salami slicing on tax relief

Steve Webb  – Director of Policy and External Communications As the Autumn Statement approaches, Steve Webb calls for the Government to stop tinkering with tax relief. Twice a year, in the run-up to the Spring Budget and the Autumn Statement, we face a torrent of speculation as to what changes the Chancellor might make to […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment