View more on these topics

FSA seems keen to apply discipline in certain areas

As the year 2000 was drawing to a close, the FSA took the moral high ground in disciplining nine of its employees who had tried to resend the infamous “Find Claire Swires” email.

We are now waiting for the consultation document on what the next step in the pro cess will be.

Aside from the FSA, there is likely to be some consolidation in regulation. At some point in 2001 the Asso ciation of Independent Finan cial Advisers (Aifa) and Indepen dent Financial Adviser Prom otion (Ifap) are tipped to become one. So what catchy name will the new body have?

This year will also see de-polarisation being introduced despite valiant efforts to stop it. But the full effect will take a while to come through and with a general election looking on the cards for May anything could happen.

We could even see Tony Blair becoming an IFA for a day in yet another spin doctor&#39s vision.

Other things on the cards this year are IFAs working more on a fee basis and Cat-marked standards on all packaged products.

Lastly, here&#39s to a more equitable way of regulating life companies this year.


Last year &#39lacklustre&#39 for UK pension funds

UK pension funds posted a lacklustre negative return of -1.8 per cent in 2000, according to estimates from performance measurement consultancy The WM Company. Although the return is disappointing, there have been larger negative of -11 per cent and -4 per cent in 1991 and 1994 respectively. WM executive director Peter Warrington says: “Over 10 […]

Standard Life – Fixed Rate Bond

Thursday, 4th January 2001.Type: High interest account.Minimum-maximum investment: £1,000-£1,000,000.Interest rate: 6.25 per cent gross a year.Term: Until June 4, 2002.Offer period: Until further notice.Withdrawal penalties: No withdrawals permitted during term.Tel: 0845 6012340. 

Permanent Insurance cuts term assurance rates

Permanent Insurance, income protection providers, is cutting term assurance rates by up to 73 per cent. The focus of the changes is on pension term assurance with only three months left before stakeholder limits come into effect. The aim is to encourage IFAs to exploit the potentially huge pensions market in the meantime. Only 11 […]

Soaps clean up on pensions

This year will, of course, be the biggest for pensions for a long time, with the launch of not one, but two brand-spanking new pension concepts in the form of Individual Pen sion Accounts and (you may have heard of this one) the long-awaited stakeholder pensions. Both schemes will be a roaring success, particularly in […]


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