View more on these topics

Money guidance must prompt consumer action, says CII

The money guidance model proposed in the Thoresen Review will work if the consumer is prompted to action, according to the CII Group.

The CII says that for money guidance to win public trust and confidence it must use clear language, encourage further action, have a robust system of accreditation and have clear protocols to link with regulated advice.

CII Group chief executive Sandy Scott says: “We have provided input into the recent generic financial advice prototypes and are pleased to see the commitment to extend the pilot. Money guidance will help address the reputational issues surrounding financial services as well as tackle long-term savings and protection gap.”

Recommended

Quality time

Every now and then,the debate over pricing and the commoditisation of our products comes around and it helps to illustrate how polarised the views held within the industry are.

Sixth sense

The looming abolition of business assets taper relief is causing many business owners to contact their financial advisers to check if there is anything they should be doing ahead of April 6 to ensure that they do not “look back in anger” in the new tax year.The pre-Budget report has caused a few categories of […]

Licence to skill

There seems to be a common theme to the responses to the retail distribution review published by the recognised bodies. Most are calling for the creation of a new professional body to represent financial advisers. It is an idea that Tenet shares.

Investment Forum

Position Portfolios for a Changing China, Accelerating Disruption and More Political Discourse Is China an asset class? Why Investors’ Understanding of China is Changing How is disruption changing the way we invest? Established Ways of Doing Business Are Being Challenged What to Watch: Why politics matters more than ever in 2017 Key takeaways: Despite volatile […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com