View more on these topics

PFS will stick to its knitting on RDR

The Personal Finance Society has pledged to “stick to its knitting” and keep out of the controversial retail distribution review debates around remuneration and capital adequacy.

Chief executive Tim Eadon says the PFS is actively engaging members on the issue of improving professionalism but has decided to stay out of other areas of the review.

Eadon says the PFS will not support the stance that Aifa has taken on the RDR but will not lobby against it.

He says the PFS will support members moving to whatever level they believe is right, whether it is financial planner, general financial adviser or primary adviser, and says the GFA category has a “natural place” in the proposals and should be kept long term.

Eadon believes awareness of the RDR among advisers is very low and the PFS will be runn-ing over 60 events between now and December to engage with members.

He says: “We are a professional body and we are sticking to our knitting with regard to the RDR. We see the review as including a positive set of policies for our members.”


King and Platt quit Torquil Clark

Torquil Clark Life Insurance directors Jason King and Simon Platt have resigned from their positions effective today to pursue other business interests.King and Platt founded the company, which was formerly Life Policies Direct, in 1999. The Torquil Clark Group bought it out in 2004.King says: “We have been pleased to continue directing the business through […]


In an article last week, Money Marketing said that Bankhall was owned by Misys. It is not and we apologise for any confusion.

PFS and IFP in clash over qualifications

The Personal Finance Society has warned the FSA that it must not equate its chartered financial planner qualification with the Institute of Financial Planning’s CFP when awarding professional status under the retail distribution review.PFS chief executive Tim Eadon says he is concerned that the RDR mentions the two qualifications in “the same breath”, saying “the […]

EU ‘fought hard’ for FSA to scrap menu

The European Commission “fought hard” to force the FSA to scrap the menu and IDD, Money Marketing can reveal.The FSA has always maintained that its decision to drop the menu and IDD in May was based purely on its own research which found that the documents had not achieved their objectives and that it had […]

The fifteen-year itch

By Neil Jones Technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The treatment of non-UK domiciles that are resident in […]


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