View more on these topics

Pension policy

Respected pension IFAs are concerned about the grim state of company pensions. They want FSA guidance on transfers to personal pensions.

Take the case of someone not far from retirement and well down the scheme peck-ing order, who may face a scheme wind-up. Surely the FSA should devise a robust framework allowing advisers to advise.

This is a sensitive area. Anything that could undermine the logic of the pension review is taboo. But the FSA cannot shirk responsibility for the tens of thousands caught by the to company pensions.The FSA and the Treasury laid the mines on the review – they now have to steer their way through to aid IFAs in helping some of today&#39s most vulnerable savers.

Are exams a waste?

In the good old, bad old days – about eight months ago – the mantra was that advisers should get better qualified. But since CP121 and Sandler, the message is confused.In CP121, there are rewards in the lower tier for the less qualified and in Sandler for those not qualified at all.

Both papers want better investment knowledge for IFAs but what about direct, multi-tied and authorised RIs?

Some might suggest that many IFAs are being pushed into being salesmen, not professionals. So why waste time with more exams?

Mortgages aside, where not doing the exams is a passport out of the industry, Money Marketing no longer knows whether advisers should bother.

We hear tell of heated discussions at the FSA about CPD and exams, so perhaps Canary Wharf does not know either. But someone should hurry up and say what is going on.

Recommended

&#39Investors set to stay in stockmarket&#39

Just 1 per cent of investors plan to decrease their exposure to the stockmarket despite consistent falls, according to the Association of Investment Trust Companies. Its research found that 90 per cent of investors intend to leave their money where it is, 4 per cent have not yet decided what to do and only 1 […]

Product matters

Scottish Life International&#39s select income and growth bond gives two options, one for the more aggressive investor and one for the more cautious. Both are linked to the FTSE 100, S&P 500 and Eurostoxx 50 indices. The aggressive option guarantees a 10 per cent gross annual income, 2.4 per cent quarterly income or 32 per […]

Five year fixed with cashback from Leeds & Holbeck

Leeds & Holbeck Building Society is rolling out a five year fixed rate loan offering £200 cashback to borrowers who apply before the end of September.The rate is fixed at 5.49 per cent for loans up to 90 per cent of property value or 5.89 per cent with an LTV of 95 per cent.There are […]

Pru claims IFAs will be the winners in the new marketplace

IFAs will be the winners in the market after CP121 and the Sandler review, according to Prudential. In a recent presentation to City analysts, the Pru predicted that by 2005, direct salesforces will practically vanish. It forecasts that the breakdown in distribution in 2005 will be 7 per cent direct, 1 per cent tied, 3 […]

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