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FSA roadshow on T&C changes

The FSA is running a series of roadshows as an update on the changes in training and competency regulations since it last ran roadshows a year ago.

They will also highlight information contained in the final training and competency sourcebook which was published earlier in the month.

The roadshows start in London on 29 January and continue in Bristol, Birmingham, Manchester, and Edinburgh and return to London on 26 February.


Skandia in call for changes to disclosure rules

Skandia is calling for changes to the disclosure regime to ensure consumers know they could be better off saving into commission-based pensions instead of paying for advice via fees. The life office says its latest calculations reveal the difference in pension funds generated by consumers paying fees or commission. One calculation was based on contributions […]

Contradictory attitude to risk

Investors do not fully understand the concept of investment risk, according to new research carried out by Cleri cal Medical. The life office conducted a series of focus groups with target customers to gain some understanding of the barriers consumers have to investing in unit-linked funds and their rationale in the trade-off between risk and […]


Should the regulator be held responsible for Equitable Life&#39s closure to new business? “No because I feel that the general public were fully aware of what they were getting into when they joined Equitable Life.” Jennifer Storrow, Gee & Company“It is not the fault of the regulator but the regulations. It is time to act […]

PIA rules update

In the wake of the Equitable closure the PIA has issued a reminder to firms of the standards expected when advising customers. Investment staff should obtain sufficient information about clients&#39 circumstances before offering advice. All advantages, disadvantages and options should be disclosed. Firms must ensure that advisers and representatives have a sufficient understanding of the […]


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