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Members not fearful for independence under Skandia Bankhall deal

Bankhall members say their independence will not be compromised by Skandia’s takeover of their network.

But some members say they may be less likely to recommend Skandia products as a result of the deal to avoid any accusations of bias.

One Bankhall member says: "Whoever owns us should not compromise our independence and should not make any difference to us. But I am worried about the perception the public would have about an IFA being owned by a life company. I will have to be very open with my clients and I may end up recommending less Skandia products than before."


Genesis&#39 common approach works for IFAs

Genesis Home Loans says its recently launched common application form has been well received by intermediaries.It says it has achieved its aim to develop a standard form for intermediaries making mortgage applications for clients that lets them choose from a wide range of lenders but keep stocks and paperwork to manageable levels.Genesis says common forms […]

Unification could allow more leeway for product innovation

Greater innovation in product design could follow the decision to bring general insurance and mortgage advice under the umbrella of the FSA.While a unified regulator will remove the hurdle of multiple regulation, commentators say it will also result in restricted distribution as many brokers exit the market.They also predict an increased cost to consumers from […]

Networks will look to evolve

DBS and Bankhall say their non-regulated networks will remain despite mortgage and general insurance advice becoming FSA-regulated but will evolve to suit the regulation.Bankhall says its Point One mortgage network, launched in September, will carry on and ensure members have the right business processes in place to cope with the regulation when it is implemented […]


Is DBS justified in raising its fees to cover the cost of N2?“Yes, with the extra regulatory costs, the money has to come from somewhere. As a firm, we have to sit down and make a decision about what is the best move for us.”Rick Patmore, Ford Loft Financial Services“No. Not by the level it […]

US loan growth is not painting a pretty picture for the US economy

Written by Mike Riddell One of the current big debates in global financial markets is whether investors should believe ‘hard’ rather than ‘soft’ data, where the usually reliable business and consumer surveys have been suggesting strengthening in global growth momentum for some time now, while the economic data that feeds through into the Gross Domestic […]


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