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Opra welcomes quinquennial review

Opra is welcoming the quinquennial review of its operations and is calling on the industry to contribute to the consultation process. Chief executive Tony Hobman says he wants regulation to reflect the needs of members, trustees, and employers. All non-departmental public bodies undergo a five yearly review to establish how well the organisation is meeting its objectives. The Opra review is being led by Brian Davis, former chief executive of Nationwide. He will assess whether there is still a need for the functions carried out by Opra and will examine the efficiency and effectiveness of the way Opra delivers its services.


Credit Suisse to integrate funds

Credit Suisse Asset Management is to integrate its own retail funds fully with those of Sun Life Financial of Canada Asset Management, which it acquired last December.The range will be branded under CSAM&#39s name and expanded to include an additional five funds – SLCAM&#39s extra income, UK growth & income, worldwide growth, managed assets and […]

An early warning system would prevent scandals

Open letter to FSA chairman Howard Davies We contacted your organisation on April 29 asking for infor-mation to put on our IFA information website. We have emailed a reminder since but it bounced (have a look at our site&#39s suggestions on improving communications).I then spent 10 minutes on the phone to a very helpful receptionist […]

First State launches survey of IFA polarisation attitudes

Australian fund manager First State Investments and fund analysts Standard & Poor&#39s have launched a survey aimed at discovering what IFAs think about the FSA&#39s depolarisation proposals. The study will look at whether the UK saving public can be convinced to recognise financial advice as a professional service which should be paid for by fees, […]

Providers reject pension compulsion rumours

Providers have rejected the idea the Government would be seriously considering extending compulsion on pension savings at this stage, despite a story in a newspaper today.They say there is no way such a move would be considered until Alan Pickering publishes his final report this summer and also that it would spark outrage amongst employers.Prudential […]


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