View more on these topics

Hide and seek

One has to question the motives, style and reasoning behind Towry’s latest advertising campaign in the Daily Telegraph.

I am bemused at the wording in the advert.

Since when has commission been “hidden” and who says time-based fees are fairer? Surely, both are open to abuse in equal measures?

Luckily for Thameside’s clients, we give them all the available options. What people need is a choice, not an implication that all commission is bad and somehow deliberately hidden from view.

Tom Kean
Thameside (Pensions & Investments)


HL advises switch from Mark Tinker to John Chatfeild-Roberts

Hargreaves Lansdown has advised clients to ditch Axa fund manager Mark Tinker and switch into Jupiter’s John Chatfeild-Roberts instead. Tinker joined Axa Investment Managers in November 2006 and took over the £195m Axa Framlington global opportunities fund in early 2007, in addition to hedge fund mandates. But his performance slipped in the financial crisis of […]


FSA should take greater responsibility in protecting the consumer

One of the complaints you hear most often from IFAs is that they are over-regulated. A classic example can be seen in a recent comment by an anonymous correspondent to Money Marketing who wrote: “IFAs have fewer rights than terrorists, the FSA acts as judge and jury, there is no legal means of appeal and […]

Abbey for Intermediaries hires new head of sales

Abbey for Intermediaries has appointed Brad Fordham as head of sales for telephony and service. Fordham has worked for Alliance & Leicester and Santander for 15 years, most recently as performance director for the retail mortgage division. He has previously held roles in the bancassurance and branch network channels. He will start his new role […]

To be and not to be – Multi asset investing with conviction

At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]


News and expert analysis straight to your inbox

Sign up


There are 2 comments at the moment, we would love to hear your opinion too.

  1. I haven’t seen the ad but I have read many comments pointing out that a fee calculated as a percentage of the amount to be invested (TL’s apparently favoured methodology) is just commission with a different name stuck on it.

    Maybe this ad is justification for a complaint to the ASA, not least because we’ve had commission disclosure by statute for more years now than most of us old timers can remember.

  2. Pot and Kettle – What about the commission Towry receives on exisitng plans which they do not provide ANY service for? Is that hidden? Have they disclosed the fact they might be able to transfer the agency (and commission) to another adviser who might actually offset the renewal commission being paid on their histrorical plans against ongoing work? I doubt it.

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