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On a whinge and a prayer

They say the collective term for IFAs is a whinge. Well, good. Right now, it is a talent the industry needs.

A quick review of the MM letters page shows IFAs are not averse to complaining. But when it comes to regulation, constructive opinion and direction are often lacking.

Early this year, for the first stage of the polarisation review, Supply Media contributed to a free guide full of help for any IFA wanting to put their views across. We received over 300 enquiries.

But the proof of the pudding was not quite so encouraging. Only a dozen IFAs and companies responded to the FSA.

No doubt, their submissions were clear, constructive, logical and well-researched. Each would have been read with interest and contributed to the final outcome. The problem was simple. Not enough IFAs bothered to take part.

When we are up against the relatively well funded voices of the ABI, the British Bankers&#39 Association and others, the collective weight of IFA responses is vital.

There is no need for fancy words and convoluted arguments. Respond simply to the questions with logic and constructive comments. Some of the most effective submissions are just half-a-dozen pages long. On its own, your response may not change the world but it will help.

The Power Broker tips and advice of the polarisation review guide are still relevant to the Sandler Review. You can get a copy by emailing Whether a network, big IFA or single-person practice, the choice is yours. Collectively whinge or constructively contribute. You have until the end of September to make up your mind.


Leeds & Holbeck provides low rate buy-to-let

Leeds & Holbeck Building Society is undercutting its rivals with its latest fixed-rate buy-to-let mortgage.The five-year fixed buy-to-let mortgage has a fixed-rate of 6.24 per cent until November 1, 2006 for loans of up to 75 per cent of valuation.It can be used to purchase up to three properties, with a minimum property value of […]

Product matters

America remains the key market. If America falls further, everywhere else is bound to follow. Many investors are still light in American shares, despite the market holding up remarkably well compared with most other world markets. GAM is in the process of launching a Star American Focus fund under the stewardship of James Abate, formerly […]

GAM adds to its constellation of star funds

Global Asset Management (GAM) is adding another product to its constellation of star funds.The GAM star American focus fund brings the total of GAM star funds up to 12 and aims to provide long-term growth. Set up as a UCITS, the fund is domiciled in Dublin. GAM has aimed the fund at the experienced investor […]

Show why the public need you

The Sandler review presents IFAs with challenges which, frankly, have been ducked for years. Widening access towards financial advice and whether customers understand what they are buying are the key elements IFAs need to address in Sandler. How do they do that? An effective campaign needs to be orchestrated towards not just Sandler but also […]


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