View more on these topics

FSA says Menu will reduce overpaying risk

Firms will be required to present clients&#39 payment options and illustrative commission amounts for the firm and the market in a standardised format under the FSA&#39s new pricing menu.
The FSA says the move should mitigate the risks of consumers paying too much for financial advice, as it expects the Menu &#45 which will show both the adviser&#39s charges and the market average &#45 to exert downward pressure on commission.
The regulator believes the Menu will incentivise firms to compete on price and quality, make the market work more efficiently and ultimately reduce the need for regulatory intervention.


Treasury to amend financial promotion rules

The regulation of financial promotions is set to be brought under one set of rules as part of the Treasury review of the FSA. The consultation paper has outlined concerns that the way in which promotions are regulated depends more on what regime the products fell under in the past rather than the amount of […]

Abbey appoints new customer relations head

Abbey is appointing Keith Morgan as director of economic & financial insight to be responsible for ensuring the profitability of the provider&#39s approach to customers and the design of its accounts and services. Abbey customer director Angus Porter says: &#39&#39Our aim is to be a leader in personal financial services in the UK and the […]

Thomson&#39s set for name change in Euro push

IFA Thomson&#39s Group may adopt the name of its German parent AWD Holding as part of its bid to become the UK&#39s leading European IFA. The group is believed to be considering the name change which would not necessarily see the Thomson&#39s name disappear entirely but would give a better indication of its attachment to […]

Menu presents &#39signifcant challenge&#39 to multi-ties – Bankhall

Bankhall business development director Peter Mann believes the introduction of the Menu will put networks and support services providers in a stronger position, as customers will be able to see more clearly whether their adviser is choosing from a wide range of products or not. Mann says: “The equivalence of disclosure part of the Menu […]

The Great British Break-Off

Despite predictions that a vote to leave the European Union would result in an economic apocalypse, UK equities have shown the market equivalent of a stiff upper lip: bouncing back, keeping calm, and carrying on. Although the road towards Brexit remains clouded in uncertainty, UK equities offer a range of opportunities to investors seeking returns […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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