View more on these topics

FSCP denies confusion on tied and IFA figures

The Financial Services Consumer Panel&#39s latest report has been slammed by industry experts for inconsistencies.

The FSCP 1999 Annual Survey of Consumers illustrates the market share split between tied and independent advisers.

On page 53, it says only 22 per cent of respondents sought advice from IFAs for pensions but on page 86 it says the figure is 54 per cent. It also says on page 53 that IFAs advised 24 per cent of respondents about term insurance but on page 86 it says 64 per cent of IFAs advised respondents.

The FSCP says the figures on page 86 illustrate the number of people who have bought products in the year between summer 1998 and summer 1999.

It says the figures on page 53 reveal the number of people who have bought a financial product, other than a savings product or shares, who have used an IFA or tied salesman.

The FSCP says the tables are “not confusing if read carefully”.

Recommended

Eagle Star won&#39t reveal growth rate

Eagle Star is refusing to tell IFAs the original growth rates used to calculate their clients&#39 endowment policies.IFAs claim Eagle Star has responded to them in writing, saying: “We do not hold the original growth rates on file. The original seller of each policy should be able to obtain this information.”IFAs believe the rates were […]

Be a part of the revolution

Stakeholder is set to revolutionise pensions. Everyone will save and everyone will contribute to a group scheme which leaves very little room for IFAs to earn a living – and big brother will be watch-ing you.But, as with big brother, there will always be those who do not fit into the Government-prescribed mould and those […]

PMI probes stakeholder at conference

The Pensions Management Institute has unveiled the programme for its autumn conference at the Royal Lancaster Hotel. The event, on October 11, will feature a presentation by Schroder and the Post Office entitled, Stakeholder: is your strategy in place? as well as a presentation addressing The annuity problem, plus updates from Opra and Eversheds.

M-link building up to a price war for IFA websites

M-link, the comparative quotes software from Misys, could be about to start a price war among other financial services portals in the launch of its free web builder service.The service, which will allow individual IFAs to have their own website, has no set-up cost and a monthly charge of £29. It says this compares favourably […]

Developing your personal relationships – Webex

Read more 9amFinancial advisers and solicitors working together Presented by Ian Muirhead, director & chairman at Solicitors for Impartial Advice (SIFA) Listen to Ian’s expert insight and experiences of how financial advisers and solicitors can work together to deliver mutual benefit and enhanced client outcomes. Register here 10am Financial advisers and accountants working together Presented […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment