View more on these topics

Intelligent thing would be to change system

I feel I have to write in and get a few things off my chest regarding the Intelligent Finance product.

The IF product is inno-vative, competitive and, yes, intelligent. It is, I believe, the future of banking products.

But why on earth can&#39t we recommend a client to IF with basic information and then let IF and the client get together and complete the remaining details such as bank sort codes, etc?

IF tells me there is a security reason along with consumer credit reasons. I say the total opposite is true.

If we recommend a client to IF, we should be given the credit for this. We have done the research, etc, not IF. My suggestion to IF is to change its system or suffer the same fate as other big institutions that have gone down the path of trying to exclude our distribution channel.

My immediate advice to IF is to bevery careful with any response because I will provide real-life cases to back up my claims, with client quotes.

My clients would prefer me to inform IF of the products they want, then for IF to contact them for the fine details. What my clients nor I want is to be making numerous phone calls after bits of information that the client could have given direct in one call. My clients also want to be able to open a savings account quoting my reference number and not being told at the end of the call that their adviser gets no credit. Am I getting through here?

Brian Rooney

Financial Solutions 2000,



Working women in cash fears on care for elderly

Eighty-three per cent of working women are concerned about fundingcare for the elderly, according to a survey by Bupa and magazine Top Sante.The Women and Work Survey 2001 of 5,000 working women also found that almost all working women do not think there is enough information available regarding options for elderly care.The survey says there […]

Misys buys DBS in £75m deal

The largest IFA network Misys has reached an agreement to buy rival network DBS Management valued at £75m with the acceptance of DBS directors.This offer represents Misys paying 150 pence in cash for each DBS share and a premium of about 105 per cent to the closing market price of 73 pence for each share […]

Leonard Cheshire selects healthcare cash plan provider

The Hospital Saturday Fund has been chosen as health cash plan provider to voluntary sector service provider Leonard Cheshire. Leonard Cheshire has 7,500 staff in 140 locations across the UK. Leonard Cheshire contributes towards the plan which includes opticians’ fees, dental treatment, cash for time spent in hospital and towards alternative treatments. Employees are able […]

Townends in Scottish Amicable Life tie up

Townends Group estate agents is entering into a partnership with Scottish Amicable Life that will see its Dot Financial Services arm offering Scottish Amicable products.The deal will give Townends access to ScotAm&#39s entire product range.The Townends Group director of financial services Helen Ioannou says: “We chose to tie with Scottish Amicable Life as we wanted […]

Who pays inheritance tax and how to declare it

By Kim Jarvis, Canada Life In this article we look at which forms personal representatives (PRs) need to complete and who actually pays inheritance tax (IHT).  To recap, under current rules, any part of the estate that falls within the available nil-rate band (NRB), currently £325,000, is taxed at zero. Anything in excess of the NRB […]


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