IFAs will still be able to sell complex products to “intermediate” clients under Mifid because of a loophole created by the FSA. Law firm CMS Cameron McKenna says FSA proposals will allow current intermediate clients to be “grandfathered” into the Mifid regime as “professional” clients without having to meet strict new criteria.
Consumer portal Find has bought Defaqto’s parent, The Independent Research Group, in full
FSA backs condemnation of insurers using detectives
Direct Life & Pensions sales and marketing director Richard Verdin says Icob advisers should sell pension term assurance without advice rather than with a caveat which says they cannot advise on the suitability of the product. Verdin says he knows of specialist protection advisers that do not sell PTA because they are uncomfortable with the […]
The AA has set up an IHT planning operation and will offer advice on wills and trusts. The motoring giant is also launching a conveyancing arm as part of its wider drive to build on the legal services operation it started earlier this year. The move means that the AA’s huge brand appeal is likely […]
The Department for Work and Pensions (DWP) has unveiled a new communications campaign to raise awareness of the new State Pension that will be launched next year.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology