View more on these topics

Illogical arguments

Open letter to FSA director Lesley Titcomb There has been much comment about the advent of the RDR in 2012 and, in my view, the long overdue requirement that the minimum benchmark qualification be raised to the meagre level four diploma standard.

I have become quite disillusioned and bored with the same old illogical arguments being espoused by the usual culprits.

I appreciate that the political lobbying and commercial interests are against any change of the current status quo and I do not envy the FSA’s task in implementing the RDR. However, I am no longer prepared to remain silent while there are already glaring examples of utter contempt towards the imposition of the RDR.

The FSA intends to take against the following:

  • Consolidators who will still receive payment after 2012, that is, receiving renewal commission or fund-based commission when they are no longer legally allowed to advise.
  • Financial services practitioners who are blatantly telling clients that they do not need to acquire a level four qualification as the firm that employs them will have an appropriately qualified registered individual to sign off their advice by 2012.
  • Firms or individuals who are actively looking for chartered or certified individuals to front their businesses but have no int-ention of complying with 2012 RDR level four require-ment or to distance them-selves from providing advice.

Filip Slipaczek
New Barnet Hertfordshire


Alternative thinking

Alternatively secured pensions are high on the list for change but do they have a place in retirement planning?


Aviva channels small pensions to rival firms

Aviva is set to channel customers with pension pots worth less than £30,000 to an annuity referral service which will search for the best deal from a panel of rival providers.

Cautious return to commercial sector

Multi-managers T Bailey and Midas Capital are reintroducing UK commercial property back in to their portfolios but both remain cautious in their outlook for the sector. T Bailey has made a small move into UK commercial property within its cautious managed fund through a bricks and mortar fund, the Swip property trust, and the iShares […]


Aifa waiting to see the effects of EU reshuffle

Experts believe the appointment of French EU commissioner Michel Barnier to the role of internal markets commissioner could have significant implications for the financial services industry. Last week, the president of the European Commission Jose Manuel Barroso appoin-ted French agriculture minister Michel Barnier as the new internal market commissioner. Barnier will take over from Ireland’s […]

The curious market reaction to Brexit

Written by Mike Riddell29 June 2016 Headlines over the past few days have screamed about record falls in sterling, record low bond yields and massive falls in equity prices. However, if you take a slightly longer view of markets rather than simply the one- or two-day reaction, I think it’s amazing how little markets have […]


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