View more on these topics

FSA is turning the tables on advisers

Is the financial services industry so bent on destroying itself that it is now paying its own regulator to compete in its own marketplace?

One look at the FSA&#39s comparative mortgage tables and the needs-based filters, makes it blindingly obvious that they are giving tacit mortgage advice which is being funded by the fees paid by the good people of the industry.

No wonder the FSA is proposing to exclude training and competence requirements for non-advised mortgage sales. It has an agenda. See if you can work it out.

The FSA is behaving oppressively. It has already decimated occupational pension schemes, personal pension sales, endowment policies and FSAVCs, not to mention IFAs. Its oppressive and ever-changing rules, regulations and demands arc systematically wiping out swathes of the products and services that have been the cornerstone of the public&#39s long-term financial securityBut now it has stepped into the marketplace with its own stall providing self-righteous goods.

The FSA also has comparative tables for Isas and term insurance.

Charles Moran

Cobham, Surrey

Recommended

Expose the WP myths

Over the last couple of years, a lot has been written and said about with-profits products. Much of it has been negative and while some criticisms have a ring of truth, many are sensationalist and have no foundation.Together with Sandler and the FSA, the industry is soon to re-invent the with-profits concept. We should be […]

Nil-rate band and rates of tax

Bearing in mind the possibility of a change to the IHT regime, individuals who have potential inheritance tax liabilities may be inclined to use their nil-rate band sooner rather than later (see potentially exempt transfers below) and, if they are married, to arrange their asset ownership so that both spouses can utilise their nil-rate band […]

Consumer panel fights filtering

The Financial Services Consumer Panel has attacked the FSA&#39s mortgage regulation proposals and is warning that the new sales processes will confuse borrowers.Its response to CP146, the FSA&#39s Approach to Regulating Mortgage Sales, argues against the introduction of three types of selling process – information-only, full advice and a “middle way” of filtering questions falling […]

nvesta – Safety First Plan

Tuesday, 3 December 2002 Type: Capital protected bond Aim: Income or growth linked to the performance of the FTSE 100 and S&P 500 indices Minimum-maximum investment: £5,000-£1m Term: Three years Guarantee: Capital returned in full provided indices do not fall by more than 30% between December 13, 2004 and December 13, 2005 and return to […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com