View more on these topics

PosSol warns many IT systems will struggle in post-RDR world

Positive Solutions is confident its systems will enable it to support the three adviser types proposed in the retail distribution review but warns that other firms will struggle.

Marketing manager Phil Harrison says many systems will not be able to handle three types of adviser, with three types of payment structure, which could result in many advisers moving to companies with more robust systems.

He says Positive Solutions expects that many of its 1,600 advisers will want to remain as general financial advisers but a number will become professional financial planners while others will trade down to primary advice, with some firms encompassing all three.

Harrison says: “We have proven with other changes the FSA has brought in, such as training and competency, treating customers fairly and the menu, that it is not a big issue for us because of the strength of our technology. We find it easier because we can train the partners practically simultaneously.”


Nationwide suspends PPI after its own mystery shop

Nationwide has temporarily withdrawn its loan and credit card payment protection insurance after admitting its salesforce was not advising customers adequately.The mutual says it is retraining its 2,800-strong salesforce after its own mystery shopping exercises found its PPI sales processes were unsatisfactory.The products will be reintroduced when Nationwide is satisfied employees are following the correct […]

Amit Mehta joins Atlantis

Specialist Asian equity asset manager Atlantis has appointed Amit Mehta as an analyst and fund maanger on its Atlantis Asian ex-Japan team. He will report to Tony Jordan, manager of the Atlantis Asian recovery fund and the Atlantis Asian opportunities fund.Mehta joins from Morley Fund Management, where he worked as an equity analyst on the […]


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