View more on these topics

Going Dutch could be a fair deal with FSA

Perhaps the industry needs a little bit of Dutch courage in its dealings with the regulator.

Liberal Democrat shadow chief secretary Chris Huhne has floated an idea adopted in the Netherlands for an independent agency to scrutinise the regulators and report to Parliament on their impact.

Huhne, a former MEP, says he has been told the system which also involves the use of sunset clauses to reapprove legislation periodically, is working well.

Many in the UK have misgivings about the aloofness of the FSA – and not just from what the FSA attempts to argue are its full-time critics.

There is a fierce debate raging over treating customers fairly and whether it is simply a mechanism for treating the industry unfairly. The FSA says TCF is not some arbitrary concept but has argued the case in an authoritarian and unyielding way.

With the Financial Services and Markets Tribunal fulfilling a very specific function and the practitioner panel lacking teeth, perhaps it is time the political parties considered the case for this sort of agency. It would be interesting to hear what arguments can be deployed against it.


Cracknell gets development role and joins Origen board

Michelle Cracknell has joined the Origen board as business development director. Cracknell has been head of pensions since Origen was formed last year and was previously at Advisory & Brokerage Services. She will now take overall responsibility for all client propositions, leading major new business tenders, marketing and managing the relationships with Origen’s strategic partners, […]

Lighthouse moves into profit for first time

Lighthouse has crept into profit for the first time. The group posted a pro- fit before amortisation of 71,000 in the six months to June 30 compared with a loss of 992,000 last year. Losses before tax were cut to 131,000, from 1,440,000 in 2004 as the group had significant tax losses brought forward. Turnover […]

Product providers back campaign for protection

Protection product providers need to get together for an impartial campaign to promote the need for protection in UK society, according to a group of industry experts. A Money Marketing protection round table last week found overwhelming support for a consolidated campaign but the logistics of competitors coming together will be difficult to overcome. Association […]

Maximum effort

It should come as no surprise…. The words “award winning service” are synonymous with Standard Life. Therefore, it’s no surprise that Standard Life’s online Group Pensions offering is recognised as one of the industry’s leading solutions, earning the maximum ‘eee’ rating for Group Pensions e-commerce excellence. In a fast changing, compet-itive marketplace, Standard Life continually […]


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