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IFA investment knowledge to be increased

Financial advisers will have to beef up their investment knowledge following Sandler&#39s recommendations, with the review team concluding IFAs are lacking in this area.

The report does not go into specifics in this matter, with Sandler saying details will be up to the FSA to sort out. He says the FSA&#39s current examination of the review structure may go some or all the way to address his concerns over investment knowledge.

The lack of investment knowledge amongst financial advisers was one of Sandler&#39s observations included in his original consultation paper released last June.


Support for trackers &#39is based on misconception of markets&#39

Sandler&#39s view that trackers deliver better returns more cheaply than active funds is based on a limited understanding of the market and outdated past performance figures, claim IFAs.Advisers say Sandler&#39s belief there is often no benefit in paying higher charges for actively managed funds stems from the bull market in the late 1990&#39s when trackers […]

Legal & General and new business

Open letter to J Tucker, Head of IFA Sales, Legal & General I read your letter in Money Marketing (June 27) and I can only imagine that this was a response to an earlier letter where I criticised L&G.Your letter very much confirms the point I was trying to make – that quite simply all […]

IFA sues Burns Anderson for £200k in PI row

Burns Anderson is being sued for £200,000 by an IFA looking to recover pension misselling costs in a case that could trigger claims against the network worth up to £1.9m.Sheffield-based IFA Knowles Warwick Fin-ancial Services is claiming that Burns Anderson app-lied professional indemnity excesses to every claim against the company but that the network was […]

Ringfencing of with-profits just for proprietary offices

The Sandler review has surprised the industry by recognising the value of with-profits and only requiring the ringfencing of funds by proprietary offices for the proposed simplified stakeholder suite of products.But in a sign of what could follow, Norwich Union announced today it is considering the ringfencing of all its funds and reattribution its orphan […]


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