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FSA plans more research for filtered questions

The FSA&#39s independent research on the selling of the Sandler suite of simplified products shows 80 per cent of consumers got the same or similar advice from sales advisers as they would have received from fully qualified advisers.

But the regulator says further research is required before a full assessment of the impact of a filtered questions approach is known.

FSA director Michael Folger says: “Today&#39s report demonstrates that 80 per cent of consumers got the same, or similar, advice from sales advisers recommending simplified products as they would have received from a fully qualified adviser.

“We now need to conduct a second round of research. Then we will be able to conclude whether the filtered questions approach would achieve an acceptable balance between our objective to protect consumers and the principle that we must act in a proportionate way.”


Call centres are major problem

Advisers&#39 biggest complaint is over call centres, with the majority saying they believe this is the major problem they have in dealing with product providers, according to Money Marketing&#39s 1,000 broker survey. Over 80 per cent of the 1,002 advisers surveyed say the time they spend getting through to call centres is the biggest problem […]

Newcastle launches 3 year mortgage at 3.49 per cent

Newcastle Building Society is launching a three year discount mortgage on 15th December. It has a 2.31 per cent discount from SVR, giving a current rate of 3.49 per cent. This product is available until 30 March 2004 for loans of up to £500,000 with a minimum loan of £15,000. There is a completion fee […]

Brown to consult on incentive to encourage rental takeup

Speaking today at the pre-Budget report, Gordon Brown said that Kate Barker&#39s report has highlighted the weak private rental sector in the UK. He announced that he would be consulting on a new incentive that would encourage the creation in Britain of real estate investment trusts.

Legal & General bridges tax efficiency and growth

Legal & General has brought out the distribution trust, a unit trust which aims to balance tax efficiency and growth potential in the light of Isa changes next year. In April 2004, equity Isas will lose some of their tax efficiency, as it will no longer be possible to reclaim a 10 per cent tax […]


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