View more on these topics

Hargreaves&#39 Dampier defends polarisation

Investment IFA Hargreaves Lansdown has issued a detailed criticism of the regulator&#39s proposals for the abolition of polarisation saying the proposed system is nothing but one big loophole.

The IFA believes that the current system is working on the whole.

Head of research Mark Dampier points out that most of the problems, in particular Equitable, have arisen from the tied side. He says that providers, which have driven the changes, should have sacked their tied side instead and competed in the independent market.

He says: “The current polarisation rules have been around for many years and have not been obviously abused. In fact there have not been too many scandals despite the fact that every life company, investment group and broker have tried to circumvent the rules.”


…but IFAs with best advice panels beat the accusations

IFAs using best advice panels are both independent and free from commission bias, according to new research commissioned by the FSA for the polarisation review.The report by Cap Gemini Ernst & Young last summer exonerates panels from accusations of already being multi-tied, finding selection processes to be robust, subject to regular reviews and uncorrelated with […]

Skipton launches guaranteed growth bond

Skipton Building Society is offering a five year guaranteed growth bond, with minimum growth of 22 per cent and potential growth of up to 50 per cent. The bond tracks the FTSE 100, S&P 500 and DJ Eurostoxx 50 indices over a five year period. Growth of 22 per cent is guaranteed, with investors receiving […]

Gartmore launches fixed income fund

Gartmore is launching a new fixed income fund investing in bonds and other securities and focusing on capital security.The Gartmore Monthly Income Fund will be run by senior investment manager Eran Peleg, a member of Gartmore&#39s 20-strog fixed income team.The fund anticipates income of 7.5 per cent a year, with a minimum investment of £1000 […]

Providers will snap up IFAs predicts LIA

Providers will be on the warpath trying to snap up IFA distribution as a result of today&#39s FSA&#39s announcement about the future of polarisation predicts the LIA.LIA director of public affairs John Ellis says there will be lots of money on the table as providers attempt to convince IFAs to become multi-tied.Ellis says: “I expect […]


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