View more on these topics

FSA should be keeping check on status

IFA Promotion is complaining that it is shouldering work it believes the FSA should be doing.

It is often falling to IFAP to identify the status of an adviser because the FSA does not do so.

Of course, this is part of IFAP’s work but it does not cover all independents and no multi-ties or tied advisers.

The question is whether it should be the FSA’s business to know the status of an adviser. The answer is probably yes. This is a changing market. To take one example, Edward Jones, with around 120 branches, is now whole-heartedly whole of market rather than independent.

It may not be an absolute priority, with mortgage and general insurance coming within its remit, but at some stage the FSA should get to know just how many advisers there are and what their status is so it knows who are advising the British public and in what way they are being advised.

Recommended

‘Solicitors interfering in equity release advice’

A leading barrister has accused some solicitors of being so prejudiced against equity-release products that they are interfering in the advice process. At an equity-release round table organised by GE Life, barrister and consultant Tish Hanifan called for the role of solicitors within the equity-release advice process to be clarified as many mistrust or do […]

Key themes for 2017

Capital Market Notes, December 2016 Dave Lafferty, chief market strategist at Natixis Global Asset Management, assesses the accuracy of his 2016 outlook and provides his thoughts and outlook for 2017. Click here to read the full article

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com