View more on these topics

FSA&#39s prescription for advice is based on poor diagnosis

I understand there is a phrase in journalism relating to the summer when there is little or no news – the silly season. This came to mind when I read that the FSA is seeking to redefine advice and make IFAs specialise in meeting the needs of one particular stage of a person&#39s life (Money Marketing, August 7).

In my experience, this already happens naturally. How many times have I been to a seminar with other IFAs and one of the first questions asked is: “What do you specialise in?” Most of my firm&#39s original clients were family doctors and dentists. This was our target market because we knew the NHS pension scheme relating to practitioners inside out. This was our specialism and, like our GP clients, we were general practitioners – the first port of call.

If we need to have specialist advice, then we seek it, just the same as our GP clients.

I would imagine that many smaller IFAs are general practitioners. Is this another way of getting rid of the smaller IFA? Oh dear, is my paranoia showing through? I must see my GP.

Malcolm Lindley Baxter & Lindley Financial Services,Tring, Hertfordshire


New Star Investment Funds – Global Financials Fund

Aim: Growth by investing in financial services companies Minimum investment: Lump sum £1,000, monthly £100 Investment split: Large caps 26.81%, mid caps 42.98%, small caps 30.21% Isa link: Yes Pep transfers: Yes: Charges: Initial 5.25%, annual 1.5% Commission: Initial 3%, renewa; 0.5% Tel: 0845 6088702

NAB scraps life range to sell L&G products

National Australia Bank will sell Legal & General&#39s life insurance products through its UK banking subsidiaries and abandon its own range. The bancassurance agreement is the latest for L&G while for NAB it is a realisation that it might do better to sell an established player&#39s products rather than try to manufacture its own. The […]

Thanks to the Tring IFA

Thanks to the Tring IFA who sent in this week&#39s submission for the Diary&#39s No S*!t Sherlock award, which goes to Liverpool Victoria. We all know that IFAs can occasionally be a bit lax when it comes to filling in application forms but the friendly reminder on Liverpool Vic&#39s life protection form goes a bit […]

Rightmove sets sights on float

Property website has signalled that it is taking the first steps towards flotation with plans in place to increase revenues by 50 per cent to £4.8m. Rightmove, which charges estate agents to list their properties on its website and accounts for about 35 per cent of all properties online, saw bottom-line profits increase to […]


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