View more on these topics

FSA unveils final rules for basic advice

The FSA has unveiled its final regulations for the new basic advice sales process.

This will be centred around a series of pre-scripted questions to check whether a stakeholder product would be suitable for the customer. A recommendation will then be made based on the consumer’s attitude to savings and risk and current financial position.

FSA director of retail policy Dan Waters says: “We fully support the aim of making it easier for all consumers to have access to the stakeholder products. After considerable research we have developed a lower-cost form of advice that will enable authorised firms to sell the Government’s stakeholder products simply and quickly to consumers, while at the same time making sure they are properly protected.”

Recommended

Burns Anderson offers route to GI market

Burns Anderson is offering its members an independent route to the general insurance market through a strategic partnership with Berkeley Alexander. Burns Anderson says the agreement will offer members two service propositions: independent advice through a web based quotation system or an introducer service.

Teachers BS pulls out of intermediary market

Teachers Building Society will only service mortgage customers on a direct business basis after problems with arranging its compliant KFI. The building society has received a number of phone calls from intermediaries asking if it can provide a KFI. But due to problems in creating it with features such as displaying fees, it has decided […]

On the level

For those brokers who have made the transition to the regulated world of mortgages, it is time to get on with business but is it business as usual or a case of increased costs and less business coming through the books due to slowing property prices?

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