The FSA is to lead a six-week exercise to test the resilience of financial institutions in the event of an avian flu pandemic starting on October 13. The regulator will work with 60 organisations to test the potential impact on the UK financial sector.
1st is launching a new training and consultancy service for advisers, to be called Clientsfirst.The service will be made available to all users of its Adviser Office system. The new service followed 1st research that revealed that 40 per cent of adviser firms felt increased training would be the most important factor in helping them […]
FSA chairman Callum McCarthy has called for urgent change to financial services distribution models, which he says are failing consumers, advisers and providers. Speaking to savings and pensions industry leaders, McCarthy criticised commission bias and provider incentives, which he claims are causing detriment to consumers. On the issue of churning, he said: “This merry-go-round, as […]
FSA has concerns over cheap introductory offers
Legal & General has launched an interactive underwriting service on its protection products range which is an addition to its existing online processing system. The system is designed to be used by advisers when they are in contact with clients either via telephone or face to face. It was rolled out to the whole of […]
Les Cameron, Head of Technical, explores defined benefit pension transfers from a technical viewpoint, tackling the topics such as transfer values and transfer drivers.
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
Ahead of speaking at Money Marketing Interactive in May, founder and director of The Yardstick Agency Phil Bray gives tips on how advisers can improve their public image and why the FCA should rethink their plans for the register On a scale of 1 to 10, how optimistic are you about the advice market for […]