View more on these topics

My RDR concerns for MPs to consider

Online comment related to article: MPs eye review into impact of RDR

I am not convinced clients with £50 per month ever got ‘’good independent financial advice’’, but at least they got some.

My concerns are much deeper and I worry for:

  • All the clients that need to protect themselves and their families through great protection arrangements, as this was always sold and never bought and now there is no one selling.
  • All the clients with small pension pots that don’t have the confidence to self select, cannot get advice and end up buying an annuity with poor income, shape and without any enhancements.
  • All the clients who have bought products through businesses such as banks who have withdrawn from this sector and left them without someone to review their existing planning.
  • All the group pension scheme members that used to get great workplace advice on contribution levels, investment approach and consolidation, who can no longer access advice because GPPs commission removal got swept along with the tide at the last minute.

The list goes on and on. Let us hope that Mark Garnier engages with the industry in his review. I am happy to help.

Warren Page 



Protection sales are not benefiting from the mortgage boom

The mortgage market has come roaring back to life in recent months, with lenders and brokers reporting a surge in business. But although protection sales have been historically linked to mortgage sales, there has been a noticeable absence of a similar increase and advisers are warning that protection should not be overlooked for easy mortgage […]


PSigma Dynamic Multi Asset set to close

PSigma Asset Management has closed Tom Becket’s PSigma Dynamic Multi Asset fund owing to the small size of its assets under management. PSigma will close the fund, which has AuM of £19.2m, on 30 September. The move follows the decision to close Neil Cumming’s PSigma UK Growth fund on 30 August, after the portfolio dropped […]


OBSR founders launch fund ratings service

OBSR founders Richard Romer-Lee and Nigel Whittingham are launching an investment consultancy and fund rating business. Called Square Mile Investment Research and Consulting, the new business will also have former Henderson director David Pickles as a co-founder. Romer-Lee says: “Market has moved on with changes and regulation. RDR has turned a lot of businesses on […]

LV= blames RDR and gender directive for 14% sales drop

LV=’s life business has reported a 23 per cent drop in underlying operating profit in the first half of 2013, from £14.5m in the same period last year to £11.1m this year, as post-RDR sales plummeted 14 per cent. The insurance firm’s results for the six months to 30 June 2013, published this morning, reveal […]

Simon Fletcher

Auto-enrolment: pay attention or pay the price

By Simon Fletcher

As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.


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