View more on these topics

Friendlies call for return to joint branding in polarisation rethink

Friendly Societies are call ing for the polarisation reg ime to be relaxed

and a ret urn to joint branding with third parties.

The Association of Friendly Societies&#39 submission to the FSA calls for the

current rules to be tweaked to remove what it describes as the damaging

side-effects that pol arisation has on friendlies and providers of

specialist niche products.

It argues that polarisation has reduced choice for clients.

Family Assurance IFA sales director Peter Burnell says friendlies want to

once again distribute their products through third parties, such as banks,

as they did before polarisation was introduced.

Burnell says polarisation rules need to be relaxed to allow friendlies to

white label or joint-brand products through third parties.

He says: “The issue of polarisation has been a bit of a political football

and I really could not say in which net the ball will ultimately end up. It

could go either way.”

AFS general secretary Mar- ion Poole says: “We do not want to junk the old

regime and have to start from scratch. We believe it is perfectly possible

to tweak the present scheme and remove the unintended problems that are

hinder ing friendlies. We can do this without disturbing the relationship

between consumer and IFAs or tied agents.”


Commission not yielding to disclosure

Five years of the disclosure regime have had little impact on IFAcommission, says a PIA report.But it shows that personal pensions have been affected by the proposed 1per cent cap on stakeholder which has caused char ges to fall by as much as75 per cent. The trend in personal pensions is revealed by the drop […]

Pass the portfolio with Autif and AITC courses

Autif and the AITC are joining forces to launch a course to help IFAsmanage investment portfolios.The course aims to enhance practical skills in planning, managing andmonitoring investment portfolios.A pilot course is being held on April 11 and there are plans to run aseries of courses from June across the UK.Autif says many IFAs have a […]

Misys sets the trend as commission is slashed

Super-network Misys is gearing up to pass on cuts of up to two-thirds inpension commission to its members as stakeholder rocks the sector.As the biggest IFA grouping in the country with 4,000 registeredindividuals, Misys is increasingly regarded as a trend-setter for the wholesector.It says the cuts will initially affect stakeholder-friendly products butbelieves the change will […]

Putin the boot in

Fund selection is a crucial aspect of the investment advice process butthe bald facts of relative performance are only part of the story.A fund manager may be taking more risk in the portfolio than is apparentfrom a cursory inspection or the fund may not actually be invested in themarket sector chosen by the investor, highlighting […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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