View more on these topics

IFAs full of jargon – watchdog report

Consumers are hard-pushed to get jargon-free independent financial advice, according to a report by consumer watchdog National Consumer Council.


The report reveals the difficulty consumers face when trying to get clear information about financial products and the problems experienced when trying to make product comparisons.


CC director Anna Bradley says the survey reveals why consumers seek advice from providers where product information and choices are limited to a handful of firms.


She says: “Consumers are forced to make compromises in their sources of advice because of the difficulties they face in getting the high quality and objective advice they need and deserve.”

Recommended

IFAs slam PI insurer on endowment probe

IFA bodies have slammed the decision by Britain&#39s biggest professional indemnity insurer to ask questions about endowment sales on PI renewal forms.The move, spearheaded by the PI insurer St Paul, is seen as a slap in the face for IFAs already struggling to secure PI insurance as a result of the pension review phase 2 […]

Henderson offers commission from shareholders&#39 pockets

Henderson Investors is offering IFAs commission directly out of shareholders&#39 pockets to promote its £600m Henderson Smaller Companies investment trust. It will pay 3 per cent commission out of the trust and not take the money out of the cash being invested by savers. The promotion will last until the end of the tax year.

NatWest swipe at BoS

NatWest has hit out at the Bank of Scotland claiming it is avoiding key questions over the Edinburgh-based bank&#39s £22bn hostile takeover bid.The beleaguered bank also says BoS&#39s proposals do not stand up to examination and are characterised by rhetoric rather than detail.

IFAs can&#39t be trusted – new survey

IFAs are less trustworthy than estate agents and bookies – according to a new survey by The Motley Fool internet website.An IFA&#39s impartiality and ability to give independent help is generally compromised by the levels of commissions they get paid, according to about 60 per cent of the 1,000 people asked in the survey.A lowly […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment