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FSA calls for clearer investment information

The FSA has published proposals to clarify the information which companies give to consumers about investments.

The regulator wants the key documents describing risks, benefits and charges to be written in plain and simple English.

It also wants consumers to be able to find the documents easily amid the marketing leaflets which companies send.

It plans another consultation at the end of 2001 before any rules are changed


Axa appoints marketing director

Axa Sun Life has appointed Frank Wilson formerly of Prudential retail as its marketing director. Wilson will work alongside Axa Sun Life&#39s strategic change director Rob Lee to extend the Sun Life brand through IFAs and direct marketing. He will manage a team of over 100 at the company, the fourth largest insurer in the […]

[FPR Broker Review] Pensions and long-term care

The Government#&#39s reaction to the Royal Commission on long-term care report does not offer a magic wand removing the need for people to plan for it. The search continues for cost-effective practical methods to make contingency provision. In the past, the possible use of pension assets to fund long-term care has been dismissed on the […]

Dresdner creates niche

Crowe says: “The minimum investment is only £2,000. There are no additional charges over the underlying asset charges and it offers diversification by investing in a number of Dresdner’s collective investment schemes.” Elms cites the wide investment spread and the inclusion of offshore funds as useful features.Turning to the disadvantages of the product, Chitroda says: […]

CII adds AFPC papers

The Chartered Insurance Ins titute is introducing two new half-credit AFPC exams. The exams will be introd uced next year for advisers who want to move up from the FPC or top up existing AFPC passes. The CII and its financial services arm Sofa have started promoting the exams to those who have recently completed […]


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