View more on these topics

FSA urged to stop stalling standards

ABI accreditation scheme Raising Standards is attacking the FSA&#39s consultation on point of disclosure, saying it should be encouraging companies to join its scheme rather than impose an over-prescriptive regime.

In its response to CP170, Pensions Protection Investments Accreditation Board chief executive John Cox says the FSA should encourage more brands to come forward rather than stalling the momentum. The PPIAB oversees Raising Standards.

FSA managing director John Tiner made a speech at the Raising Standards second anniversary conference recently setting out a new regulatory regime for point of sale documentation, which some thought undermined the self-regulation scheme.

Some life firms are understood to want raising standards accreditation to count toward compliance with the new sales regime having spent so much money already. The ABI is looking for a new person to head the scheme, which it says will continue to evolve.

PPIAB director of external affairs Liz Amos says: “The danger is that the commitment to the PPIAB&#39s monitoring will be drowned in the wash of 120 prescriptive rule changes to documents, taking the industry&#39s eye off the ball of improving consumer confidence.”


&#39Teps can provide extra funds for retirement&#39

Nearly half of the people in the UK who have retired before 65 wish they had made greater financial provision, according to a survey for traded endowment provider Policy Portfolio.The research, carried out by Taylor Nelson Sofres for Policy Portfolio, questioned 1,004 adults and found that 47 per cent of those already retired before 65 […]

&#39If a 100/0 fund replaced the 90/10 fund, there would be concern about where capital strength was coming from&#39

Life offices have had their feathers ruffled by suggestions that Sandler&#39s with-profits proposals – which would see funds ringfenced to prevent them being used to cross-subsidise other business areas – could become mandatory.Prudential UK chief executive Mark Wood accepts that the suggestion will have people looking at the Pru but says this is merely because […]

IFAs accuse CA of double standards on endowments

IFAs are accusing the Consumers&#39 Association of double standards with its endowment misselling campaign by ignoring its own advice which supported the products in its Which? publication dating back to 1988.Last September, the CA and Which? launched an endowment action campaign claiming that up to five million consumers with an endowment mortgage had been missold […]

Goy Harris Cartwright – GHC Stockpicker Fund

Monday, 24 February 2003 Type: Oeic Aim: Growth by investing in UK companies Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% in UK companies Isa link: Yes Pep transfers: Yes Charges: Initial 5%, annual 1.745% Commission: Initial 3%, renewal 0.5% Tel: 0845 6071914

The Natixis Solution: H2O MultiReturns Fund

A product designed to bring some unique attributes to the crowded absolute return global macro space With diversification and risk management top of investors’ wish lists when it comes to alternatives, step forward the H2O MultiReturns Fund. H2O Asset Management is an independent boutique backed by Natixis Global Asset Management and has a 14-year track […]


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