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 She also complained that much of the information she receives through the post has out-of-date contact names.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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Clients cannot always rely on pension providers to follow their wishes when it comes to beneficiaries on death Headlines earlier this year drew attention to a startling statistic that 750,000 people coming up to retirement are at risk of their pension being passed on to an ex-partner when they die because they have not updated […]
Transact saw funds under direction marginally increase to £29.8bn in the second quarter of 2018, according to a stock exchange announcement from parent IntegraFin Holdings. IntegraFin listed on the London Stock Exchange in March with a £650m valuation. In a Q2 update today, the company says funds under direction at the close of the three-month […]