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Fund supermarket providers divided on change

Fund manager Fidelity has given the FSA plans for polarisation a qualified welcome although it plans to make a full response later when it has examined the proposals in detail.

Fidelity executive directive of UK wholesale Robin Threadgold says: “We broadly welcome the philosophy of broadening consumer choice and the availability of advice.”

But recently set up fund supermarket Selestia has condemned the proposals.

Managing director Brett Williams says: “What this regime will herald is a new age of confusion for consumers. We believe the results will bring more confusion, less choice and more power the larger providers.”



The introduction of euro coins and notes has been the headline story since the beginning of the year. But why is it that the financial services industry has failed to provide the euro product that customers want?Most of the high-street banks are offering euro deposit accounts although some have a minimum investment of £5,000. A […]

Torquil Clark says change is 15 year backward step

IFA Torquil Clark has hit out at the end of polarisation claiming it may lead to misselling on the tied side and condemning the move as a 15-year step back in time. But the IFA has welcomed the FSA move to give more clarification on fees at the outset of a transaction.Torquil Clark investment strategist […]

All-party MPs attack plan to axe polarisation

Government backbenchers and the Opposition have attacked the FSA&#39s plans to scrap polarisation, warning it will restrict independent advice to the rich and reduce the viability of IFA sector.The Conservatives say the possibility of misselling would be greatly increased and that IFAs could effectively disappear.Labour backbencher and member of the Treasury select committee Jim Cousins […]

Mercantile Building Society discount

Mercantile Building Society, discounted mortgageDiscounted term: 3 yearsDiscount: 1.65%Payable rate: 4.19%Minimum loan: Maximum loan:Income multiples: Arrangement fee: Redemption fee: discount and benefits reclaimedConditions: no tie in after discountIntroducer&#39s fee:Tel: 0191 295 9500

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]


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