View more on these topics

FSA is a rank outsider

If I were a betting man, and I&#39d lay 2-1 that I&#39m not, I would probably hold on to my money rather than take a chance that the FSA will finally get its authority in 2001.

It has already taken more than two years to get this far and the end of the road still seems to be a long way off.

Despite all of the Gov ern ment&#39s attempts to the contrary, IFAs will survive, after all they seem to have a knack of overcoming attempts from upon high to rub them off the scene.

I will finally write a “good news” story about the FSA, to the great wonderment of Jackie Blyth and Andy Flem ing in its press office.

The arrogance of New Labour will finally catch up with them as the Tories narrowly take the lead in the polls and win next spring&#39s general election.

And last but not least, to the great merriment of all my colleagues and contacts within the industry, I will leave your fine country and go back home to Canada.

Recommended

Never N2 land for hybrids

The end of polarisation will be replaced by some combination of direct salesforce and multi-tied agents. IFAs are on their way out, at least as they exist today. They will be forced by the Treasury to adapt to some hybrid closer to multi-tied agents rather than retaining their independence. I do not think stakeholder will […]

B&W launches guaranteed equity Isas

Bristol & West has launched a new range of Tessa Only Isas offering stockmarket linked growth potential with capital security. With an estimated 2 million Tessa customers looking for a new tax-free home for their money in 2001, the three new accounts are available as Tessa Only and Mini cash Isas. Savers can put up […]

Stakeholder sweepstake

The year will have a flying start as stakeholder loose ends are tied up and we prepare to enter the brave new world of defined contributions. Many customers take advantage of the last chance to set up old-style life insurance and waiver. April arrives and stakeholder becomes a reality. Pension-sharing orders are coming through from […]

House prices up says Nationwide

House prices rose by 1.2 per cent nationally in December and ended the year 9.3 per cent up according to Nationwide quarterly figures just released. The fourth quarter of 2000 showed a two per cent increase compared to a 0.4 per cent decrease in the third quarter. Nationwide expects the increase to continue in 2001, […]

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment