View more on these topics

Ilag forms committee to look at FSA rulings

Ilag has formed a distribution committee bringing together experts from the industry to look at issues surrounding the FSA&#39s proposed changes to polarisation.

It says the committee will focus a lot of its efforts on the consequences of CP121.

The group will include representatives from all distribution channels, including IFAs, high-street prov-iders and direct distributors.

So far, there are 14 members, including Tunbridge Wells Equitable Friendly Society, Watson Wyatt, Swiss Re, Swiss Life, Nationwide Life, Canada Life and Lincoln Unit Trust Managers. The next organisational meetings is scheduled for March 19.

The committee aims to operate both as an educational body for Ilag&#39s 40 member firms as well as engaging the Government and the FSA in debate over industry issues.

Ilag chairman Phil Small-wood says: “The committee will aim to work with others in our business and Government to ensure that distribution issues are taken into account and best practice promoted.”


Nottingham Building Society three-year fixed rate

Nottingham Building Society three-year fixed rateFixed term: Three years (to May 31 2005)Fixed rate: Loans of up to 75% – 5.29%. Loan of up to 90% – 5.44%. Loans of up to 95% – 5.64%Minimum loan: £25,000Maximum loan: £500,000Income multiples: Three x principal income plus second or 2.5 times jointArrangement fee: £100Redemption fee: If the […]

Survey reveals only 10% know the Isa limit

Consumers are still in the dark about Isas, with only one in 10 knowing the annual limit for a maxi Isa, according to research carried out by stockbroker comdirect.More than half of the sample of 1,000 thought they knew the answer but were wrong.Even among holders of a maxi Isa, one-third do not know the […]

Laying down WP challenge

Open letter to Equitable chairman Vanni Treves I have had forwarded to me a copy of the Equitable Life policyholder circular dated February 8. As you can imagine, I am somewhat disappointed by the negative view you have taken of some IFAs&#39 activities and while I cannot speak for the IFA community as a whole, […]

Yorkshire is first mutual to offer an offset account

Yorkshire Building Society is claiming to be the first mutual to launch an offset account, combining borrowers&#39 mortgages and savings.It also claims its mutual status lets it offer more competitive rates than rivals.Yorkshire says, in contrast to most other offset accounts, its product offers fully flexible mortgage benefits, including underpayments and overpayments without penalty, daily […]

Johnson Fleming is a finalist at UK Pensions Awards 2016

The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]


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