IFAs says they are being are deluged by indiscriminate marketing from fund management companies.BestInvest business development manager Justin Modray claimed that he often gets 10 to 15 identical copies of the same factsheet. Technology and Tech-nical founder Kim North questioned whether enough research has been done into how IFAs want to receive marketing information. Equal Partners managing director Vivienne Starkey says that for a small operation such as hers, there is not space to store all the marketing material. She also complained that much of the information she receives through the post has out-of-date contact names. She has experienced similar problems with a deluge of email and has resorted to giving out a single email address to marketers. New Star marketing director Rob Page said there are labour issues with tracking marketing information and making sure advisers were not receiving the same information more than once. Baring Asset Manage-ment marketing director Ian Pascal said: “There is an ever growing number of requests and an ever growing number of databases with complex types of information on. If the information that IFAs required was all the same, obviously we would just throw it out at everybody but it is resource-intensive to get the stuff out properly.”
Clerical Medical is offering a second tranche of its secure investment plan, a capital guaranteed product providing exposure to the FTSE 100. The plan has a five-and-a-half-year term and provides 110 per cent exposure to the FTSE 100. The growth of the index is averaged out over the last six months of the product’s term. […]
Smith & Williamson has established a venture capital trust portfolio service for the IFA market.
The surplus funds from the Mortgage Code Compliance Board are to pay for a reduction in FSA fees and to fund the training of brokers.
Are you ready to implement the menu system when it comes in on June 1? “Yes. There are probably still a couple of things we need to work out but we have plenty of time allocated for that.” George Chakko George, Progressive Independent Advisers”No. I have not really given it a lot of thought but […]
December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]
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The New Model Business Academy received just over half the Government funding for its apprenticeship programme it was hoping for, which has led to paraplanner and administrator apprenticeships being shelved. NMBA, which is part of the SimplyBiz Group, announced earlier today it is opening applications for its apprenticeship programme this week. In December, it received […]
Platform Alliance Trust Savings must compensate a client after he was unable to make several investments because the online service was down. The client, Mr W, had around £2m in his Sipp fund with ATS. In late June 2016, his advisers tried to make a number of investments into specific funds, however, these did not […]
Last year, Money Marketing took a deep dive into how advisers are remunerated with an extensive reader survey. This year, we’re going even bigger and better, teaming up with recruitment consultancy BWD to bring you the definitive picture on pay. With your help, we hope to decode how qualifications, employment status, geography, gender, job title and other […]