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Poor performance from the FSA

The simple reason why the FSA is going to continue to allow the use of past performance in the selection of a particular fund is that it has been unable to come up with anything better. Another fine waste of time and our money.

As for Ken Clarke&#39s pledge to clip the wings of the FSA, should he ever be elected to a position from which he can wield such influence, this is missing the point.

What the industry needs is a competent, cost-effective, efficient and, above all else, accountable regulator targeting selectively (not to mention accurately) the activities both of companies and individuals which truly do need regulatory attention.

The present regulator is none of these things and everyone knows it. At the moment, it is just a black hole for other people&#39s money.

About the only good thing which may come out of the Equitable Life debacle is that those who let it happen will somehow or other have to be brought to book – or will they?

Julian Stevens

WDS Independent Financial Advisers,

Kingswood, Bristol



Do you believe the events in the US last week will lead to a global recession?“No, because I do not think the world&#39s economies will allow it to.”Keith Jarman, Hughes Carne IFA“No. There might be a sudden downturn in share values when markets reopen but I anticipate the market recovering slowly afterwards.”Terence Donaghue, Donaghue & […]

Bond offers four strategies

Friends Provident is introducing a new lump-sum savings vehicle designed to provide investors with flexibility and choice.The investment portfolio bond is offering an extra allocation of up to 2.25 per cent on the sum invested during the offer period up to November 9. Standard allocation is 100 per cent.The bond enables the investor to select […]

The roaring 40s

Over the last couple of weeks, I have looked at aspects of the Myners report and, to a greater extent, the Sandler consultative document, both of which seem certain to lead to a fundamental change in the way in which financial advisers construct and present investment advice to clients.When Ron Sandler finishes his consultation process […]

Thoroughly modern policies

When we think of term insurance, we often think the cheaper, the better. Of course, for life cover, there is often little else to distinguish one policy from another.However, for critical-illness cover, it is important to delve deeper than just comparing premium rates. IFAs will have a list of must haves to satisfy before recommending […]

Dividend slump? Not if you look globally

By George Boyd-Bowman, Manager of the Neptune Global Income Fund Recent research has indicated that global dividend growth will slump by as much as 50 per cent in 2016. As collapsing commodities hit high-profile dividend payers, George Boyd-Bowman explains why the US and Japan are his top picks for income growth in 2016. Click here […]


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