View more on these topics

IFAs hope FSA comments mark sea-change

IFAs are responding positively to FSA announcements on its polarisation review, hailing a possible sea-change in opinions of IFAs.

Michael Both partner Michael Philips says: “This is an unexpectedly positive result. Perhaps the FSA is feeling a little bit sensible after being complete fools over Equitable Life. The Equitable debacle has drawn to everyone&#39s attention how important it is to have a person independent of the insurance companies giving advice.”

Plan Invest Group managing director Michael Owen says: “The industry has been lobbying hard and the FSA has realised they risked confusing consumers further.”


Massow in deal to buy back his business

The millionaire IFA Ivan Massow has managed to buy back his business on the same day that it went into receivership in a deal last week.The IFA&#39s financial troubles come a year after Massow Fin-ancial Services merged with rival Louis Letourneau&#39s Rainbow Finance to form the Massow Rainbow Group. Letour-neau became CEO of the firm.The […]

Smee urges caution on polarisation review

Aifa director general Paul Smee is urging IFAs to be cautious about indications from the FSA that polarisation may be preserved.Smee says: “I think the FSA&#39s mind is still open, but I don&#39t know how much to read into their comments. I count no chickens.“There was no-one at the meeting particularly focused on getting multi-ties […]

The Daley Update

New Star Asset Management is to launch its third retail Oeic on October 22. The UK Aggressive fund will be managed by Tim Steer and will invest in a portfolio of 35-40 UK equities. The fund has an initial charge of 5.25 per cent, reduced to 4.25 per cent until November 9. Annual charge is […]

Popularity of multi-manager funds soars

Multi-manager funds have soared in popularity over the past 18 months, with sales more than trebling between 1999 and 2000, according to research from Cerulli Associates.The figures show UK retail fund of fund sales have risen by almost 290 per cent between 1999 and 2000 to £331m from £85m.The biggest growth has been in the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm