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IFAs face marathon effort to meet 2012 deadlines

Investment advisers face too many regulatory deadlines in the run-up to 2012 and may be unable to comply in time, warns Lincoln Financial Group director of business development Helen Turner.

Turner told Money Marketing’s RDR round table that it will be tough for advisers to achieve QCA level four qualifications, change to adviser-set remuneration and ensure they have higher capital in reserve.

She said the deadlines should have been spaced further apart. Turner said: “Investment advisers will have to make a lot of changes by 2012. It is not going to be possible for all of them.”

LV= director of distribution strategy and business development Stuart Tragheim said the advice sector’s reputation is badly damaged and the FSA needed to “do something drastic”.

Prudential intermediary distribution director Andy Curran said: “The RDR proposals are pretty good but the jury is out on whether it will encourage people to save.”


Assureweb reveals £3.1m loss

Financial services portal Assureweb made a loss of £3.16m for the last financial year after a £4.6m loss the previous year.

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White paper — Singapore International Insights

Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.


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