View more on these topics

Personal Finance Society fails to grip imagination

The Personal Finance Society, the name of the planned merger of Sofa and the LIA, has met with a lukewarm response.

CH Financial adviser Geoff Boyd, a member of Sofa, believes he will be voting for the merger in October. He says: “It does not matter what they call themselves. I want to know what they can do for me and whether they can increase awareness among consumers.”

Paul Duckworth Financial Services Adviser consultant Paul Duckworth, a Sofa member, has no objections to the name as long as it catches the public&#39s attention and he is broadly in favour of the merger. He says: “I am a big advocate for pressing forward as long as it improves the chance of early charter status.”

Norwest Consultants adviser Harry Katz has reservations over voting eligibility, believing everyone should be able to vote regardless of whether they are AFPC-qualified or not. Katz is appalled by the apparent expense spent on the “glossy” information packs sent to IFAs.

Worldwide Financial Planning adviser and LIA member Nick McBreen says: “It is a weak name and seems to have come as a result of much compromise. Will the business community and consumers see any benefit to the name? It is not particularly memorable. What&#39s it called again?”



Lockyer and FSCS clash

A row has broken out between Berkeley Berry Birch group chairman Cliff Lockyer and the Financial Services Compensation Scheme over the calculation of potential redress against the collapsed Berry Birch & Noble Financial Services. Lockyer has accused the FSCS of “crass stupidity” when calculating potential redress because he disagrees with its assessment of potential claims. […]

Desktop delivery

The advent of mortgage and general insurance regulation is forcing dramatic change on those sectors. From October 31 this year and January 14 next year, mortgage and general insurance practitioners respectively will have to document how they have followed specific processes as they advise clients. Two weeks ago, I had the opportunity to look at […]

Mail website switches from IFAP to Sofa

IFA Promotion will no longer get referrals from Mail newspapers&#39 website www.this because owner Associated News and Media wants to make referrals to advisers with a minimum AFPC qualification. Sofa has taken the contract from IFAP and is offering members access to referrals for a fee. In a letter to Sofa members seen by […]

Farrow&#39s view

I doubt there were too many tears shed when it emerged that David M Aaron had been banned by the FSA for misselling precipice bonds. The personal finance press gets a great deal of criticism from the financial services industry for over-egging stories and scaremongering but on the subject of precipice bonds I think we […]


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