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IFAs welcome end to uncertainty on polarisation rules

IFAs are welcoming the clarification given by the FSA&#39s statement on the future of the intermediary market. Wentworth Rose managing director Philip Rose says IFAs will now be able to plan their business strategy.

Rose says: “It is good to see the FSA get its head around CP121 sat last. The most damaging part of all reviews is the uncertainty. The sooner we can get hard and fast rules the more we can plan ahead.

“Davies&#39 statement that any judgment will be based on the rules in place in the market at the time the product was sold is a huge step for IFAs.”


BSA slams the watchdog after N&P loses case

The Building Societies&#39 Association has criticised the Financial Ombudsman Service after a High Court decision upheld a ruling against Norwich & Peterborough.N&P is to pay out £1.3m to 50,000 customers after last week&#39s decision,At the BSA&#39s annual lunch within hours of the judgment, chairman Graham Stow criticised the ombudsman for “regulating by individual complaints” and […]

Widows&#39 Graham and Hogg to retire after restructure

David Graham and Sandy Hogg are both set to retire at the same time after 37 years at Scottish Widows following an internal review of the company&#39s management structure.Brand and network development director Graham, 56, and IFA sales director Hogg, 53, will leave by the end of the year despite both being offered new roles. […]

Standard Life adds to Oeic range

Standard Life Investments has introduced the UK opportunities fund, the 18th fund in its Oeic range.The fund aims for capital growth by investing in a portfolio of small and mid-cap stocks in the UK. Stock selection will be based on the analysis of UK equities outside the FTSE 100 index. They will have a market […]

Protect and thrive

Becoming a household name in the protection market is not as tricky as it used to be. Even supermarket chains are beginning to get in on the act.The Abbey National takeover of Scottish Provident in 2000 sparked a protection boom that blew open the market for new providers. The market can now be broadly divided […]


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