View more on these topics

Pep or pet?

According to the latest forecasts from life companies, depolarisation looks set to eliminate a certain type of adviser – the general practitioner.

This is, of course, the species of adviser who deals with a wide range of products and with clients who do not come under sector which is being aimed at by the new Sandler suite but who are not at the top end of the advice food chain either – somewhere around the middle ground.

Back in slightly less professional times, there were those who combined a bit of financial advice with other sidelines. Clerical Medical&#39s Graeme Riddoch has fond memories of one of these soon to be obsolete advice dodos. The adviser in question was based in Dundee and was an entrepreneurial type who successfully ran two businesses from one location.

One side of his office was devoted to financial advice, the other to all creatures great and small in a pet shop, where the clients would be looking for guinea pigs rather than looking to be guinea pigs.

But Riddoch is no longer able to pop down the road for a pensions plan and a bag of Munchie Nibble gerbil food. Gone are the days when budgeting was done alongside budgies in Dundee.

Recommended

Leeds & Holbeck launch new intermediary site

Leeds & Holbeck Building Society has launched a new intermediary website. The extension to its main e-commerce site now lets advisers access information at the click of a mouse. The site — www.leedsintroducer.co.uk — contains information on the Society&#39s product range, including deals, details of fees and charges and a selection of printable forms. Leeds […]

Class conscious

In my last couple of articles, I have discussed the importance to investors and advisers of the asset allocation used by different with-profits funds. In particular, I have highlighted the truism that, over any period of time, bonuses paid out of with-profits funds cannot exceed the investment returns the fund receives.Knowing the rates of return […]

Brokers told not to rush into networks

The FSA is urging mortgage brokers not to rush into networks before they have all the facts necessary to make an informed decision.Mortgage regulation coming next October means brokers have to decide whether to be directly authorised by the FSA or become an appointed representative of a network.But the FSA says brokers do not have […]

Talkback

“No. Advice should be given based on the circumstances of the clients, not from kickbacks from providers.”Simon Brougham, Charles Wakeling & Co“Yes. As long as the terms are competitive, then why not?”Chris Moxon, CW Moxon & Co“Yes, I think it would make for a better industry.”Bob Brearley, First Mortgages“If they want to keep the business, […]

9 October thumbnail

Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment