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FSA warns on provider incentives to IFAs

The FSA is warning financial services companies against given hidden sweeteners to IFAs to secure business relationships.

FSA chief executive John Tiner told the Treasury select committee that the regulator has written to chief executives of UK product providers telling them that any payments to IFAs must be clear, open and transparent.

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AXA launches new mortgage advice proposition

AXA has launched a new mortgage proposition in its bid to become a major player in the mortgage advice market. The proposition will provide a route to authorisation for firms giving advice on mortgage products, compliance for appointed representatives and access to a range of mortgage lenders and packagers. Head of AXA advisor network Paul […]

Standard&#39s Hylands moves sideways

Standard Life group finance director John Hylands has been shifted sideways taking the reigns of the insurer&#39s demutualisation project. Hylands is to continue as an executive director and will maintain his responsibilities as finance director until a permanent replacement is found. Standard has also announced its team of advisers to help the company through the […]

The wheel thing

I would love to tell you that I have worked really hard this week, made major impressions on the world of financial services and written important stories that changed the face of the industry. But that would be a downright lie. What I have made impressions on this week is a bottle of lemonade and […]

With-profits AVC funds cutting equity exposure

Exposure to equities within with-profits AVC funds has continued to fall over the past year, according to a survey by consultant Watson Wyatt. Its 2004 survey of additional voluntary contribution funds shows that the average allocation to UK and overseas equities of with-profits AVC funds has fallen to 40.4 per cent from 47.3 per cent […]

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]

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