View more on these topics

RDR will boost structured knowledge

The retail distribution review will help improve IFA understanding of structured products, according to Helm Godfrey managing director Bruce Wilson.

He said the RDR will have a positive effect on the IFA community in raising the bar on qualifications and expected this to boost their knowledge of structured products.

He said: “Will they be better qualified? Yes. Will they be better qualified to advise on structured products? I can only say they are going to be better in everything, so yes.”

However, Wilson said the impact of the RDR on the growth of the structured product industry hinged on confidence restoring to the wider market. He said: “People go to structured products with their protection and guarantees when they are frightened and they are hugely fearful at the moment. But how long will it be until greed comes in and removes the fear element?”

Blue Sky Asset Management product development director Mark Dickson said the firm principally deals with IFAs who have investment-orientated qualifications and he welcomes the FSA’s drive to boost standards in this area.

He said: “Anything that is encouraging IFAs to become better investment-aware, better qualified and gain a better understanding of products, the better they will understand how structured products can add value to a portfolio in conjunction with the other things that may be in there.”


Advisers get video to back Omo message

Living Time has sent personalised video messages to the top 200 adviser firms calling for them to back its Offer More Options campaign.

TSC MPs call for Lord Myners to go

MPs in the Treasury Select Committee have reportedly called for embattled City Minister Lord Myners to resign after new evidence was submitted about Sir Fred Goodwin’s pension.

HMRC announces tax changes

HM Revenue & Customs has rolled out a series of tax changes in a bid to streamline how businesses and consumers work with the governing body.


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