View more on these topics

FSA puts IFAs in lead role

The rest of the industry will have to play catch-up with IFAs when the new regulatory regime comes into effect, says FSA head of industry training David Jackman.

The FSA is looking to IFAs to take a leadership role as other areas of the industry will be subject to the same level of scru tiny as now under the PIA.

Jackman says the aim is to create a more professional approach than currently exists in areas like stockbroking and investment management, where players need to raise standards.

He says: “Other areas of the industry will be subject to the same level of regulation as IFAs are now. This will move the industry towards a more professional approach. We will be looking for IFAs to set a leadership role.”

Recommended

Stakeholder focus on divided industry

The Money Marketing Focus Stakeholder Update reveals an industry split over what constitutes material disadvantage on pension policies sold prior to stakeholder. The Update says the FSA has avoided giving detailed guidance on the definition of material disadvantage when a client transfers into stakeholder from another style of scheme. This has led to providers taking […]

Inside EDGE JOHN COWAN

On New Year&#39s Day, I walked along the shore road out of Kovilam Kovalam to the small fishing village of Vizjhinjam in Southern India where there had been, according to The Hindu Times, “some difficulties between the youths of the various religions in the area”. Apparently, they do not share a common view of the […]

AITC committee members elected

Lough Callahan and Rod Birkett have been elected to the Association of Investment Trust Companies executive committee, replacing Andrew Baker and Richard Barfield. Callahan is chairman of the European Technology and Income Company, a director of Tribune Trust and an investment fund consultant with Ernst & Young. Birkett is managing director of Chase Fleming Asset […]

Bristol & West – Five Year Isa

Thursday, 25th January 2001.Type: Tessa only and mini cash Isa.Aim: Growth linked to FTSE 100, Nikkei 225 and Eurostoxx 50 indices.Minimum investment: £3,000.Maximum investment: £12,000.Catmarked: No.Investment choice: 100 per cent in cash.Yield: 80 per cent of the average growth in the three indices.Charges: None.Commission: None.Tel: 0808 1811814.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment