View more on these topics

RDR Interim Report: Advice gap could worsen, warns Aegon

The FSA’s proposals distinguishing between advice and sales risk leaving millions of people without access to professional financial advice, says Aegon.

Aegon says lack of consumer access to affordable advice was one of the key problems highlighted last June, but Aegon says proposals for a single advice model puts greater emphasis on building the sales side, rather than closing the advice gap.

Aegon head of corporate affairs Francis McGee says: “Having been told their original ideas were too complicated, the FSA has now gone for extreme simplicity. But they immediately clock the risks in this – a smaller professional advice market overall and disruption to millions of customers’ existing relationships.

“We must not focus on building the sales side at the expense of the advice side. One of the original aims of this review was to bring affordable advice within the reach of more people. But the headline option for a simplified market leaves a huge gap between regulated independent advice and non-advised sales and Money Guidance.”


FOS battle hits Court of Appeal

The Financial Ombudsman Service spent three days in the Court of Appeal last week in a bid to defend its decision-making practices and charging structure.

Services firm buys Chancery

Professional services firm RSM Bentley Jennison has bought Northampton IFA Chancery Group which has six advisers.

Identifying best-in-class UK stocks — Mark Martin, Neptune UK Opportunities Fund

FE Alpha Manager Mark Martin assumed management of the multi-cap UK Opportunities Fund at the beginning of February. As manager of the highly regarded UK Mid Cap Fund, Martin has begun restructuring the new portfolio to focus on our very best UK stock ideas from across the FTSE All-Share Index. In this video, update Martin addresses:

– Themes informing the UK Opportunities Fund
– The multi-cap structure of the fund
– UK equity valuations


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