View more on these topics

More thought needed over adviser/provider responsibilities, says Aifa

Providers should take more responsibility for their products post-sale but further thought needs to be given to the prospect of them taking a more active role in reviewing distributor quality, says Aifa.
In its official response to the FSA’s discussion paper on provider/adviser responsibility, the trade body says providers must not act as second-tier regulators or create competitive distortion by selecting distributor firms through making false barriers.
Aifa director general Chris Cummings says the “missing pieces” in the responsibilities jigsaw are the rights of consumers and he is hoping to meet the FSA to move forward a discussion on consumer rights and responsibilities.
Cumming says: “There must be a clear line between the respective responsibilities of providers and advisers. We would not wish to see the emergence of actions by providers that intrude into the client-adviser relationship, or behaviour where the selection process for distributors create competitive distortion or jeopardises the independence of IFA businesses.”


National treasure

Why the new national advice service will be good for IFAs as well as consumers.

L&G adds 17 funds to its Sipp

Legal & General has added 17 funds to its Portfolio Plus Sipp taking the total fund choice to over 270.The new funds will also be available on Portfolio Plus trustee investment plan and 15 of them on its portfolio bond, including the L&G discounted gift portfolio bond. L&G managing director, platforms and distribution Graham Newitt […]

Fundsnetwork combines teams

Fundsnetwork is amalgam-ating its sales and market-ing teams. Head of sales Simon Burgess and north regional sales manager Jacki Platt are leaving. Head of marketing Rob Fisher will run the team and further job cuts are expected.

Running out of credit

Chris Salih measures the scale of the latest blow dealt to Credit Suisse with the news that income guru Bill Mott is joining start-up firm Psigma Asset Management.

Allianz Technology Trust – April 2017

Welcome to the latest update for Allianz Technology Trust PLC from the Trust’s portfolio manager, Walter Price. Portfolio review The Trust’s NAV returned 4.3% , outperforming the Dow Jones World Technology Index return of 2.8%. In US dollar terms, the portfolio gained 4.8%. During the month, stock selection contributed to relative performance, and industry allocation […]


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