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LibDems call for generic advice service to be fast tracked

The LibDems have welcomed the Government’s taskforce to design a national generic financial advice service but have called for the scheme to be implemented sooner than proposed.
LibDem Shadow Chancellor Vince Cable says he is glad the Government has “finally woken up” to the needs of millions.
But Cable says it is “shocking” the scheme will not be up and running until 2012.
Cable says: “It would seem that even the Government now recognises that while millions remain eligible for means tested benefits, people will not know their suitability for Personal Accounts without independent advice.
The Government does not need to reinvent the wheel around financial advice but should aim to build on existing services in partnership with organisations such as the Citizens Advice Bureau.”


Adnitor sets out short list for its worksite platform awards

Adnitor has unveiled the nominations for industry achievement for its defined-contri-bution and worksite platform of the year award.The companies in the running are Fidelity, Friends Provident, Hargreaves Lansdown, Prudential, Scottish Equitable, Scottish Widows, Standard Life and Winterthur Life.Adnitor says there is much more emphasis on the worksite, which is being recognised as crucial for product […]

Tiner resigns

FSA chief executive John Tiner is to step down in July after six years with the regulator and is aiming for a post in the private sector.Tiner joined the FSA in April 2001 as managing director of the consumer, investment and insurance directorate and was appointed chief executive in 2003.Tiner says: “By the time I […]

Former PosSol trio get Standard start-up support

Standard Life is taking a 15 per cent stake in 2Plan, the planned rival to Positive Solutions to be launched by three ex-PosSol directors in around six weeks.In December, Money Marketing exclusively revealed that former PS sales director Chris Smallwood, compliance director Chris Davies and IT director Mark Smith were looking to launch a new […]

Halifax pledges to continue general trail cash

Halifax General Insurance has pledged to continue to pay trail commission on home insurance or accident, sickness and unemployment insurance policies.It follows the decision of HBOS’s former subsidiary Paymentshield, which was sold to Towergate at the end of last year, to stop paying trail commission to brokers that are no longer regulated to sell such […]


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