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Rethink rebate ban

Last week, the majority of platform providers came together to urge the FSA to rethink its cash rebate ban.

Many advisers have been using cash rebates to offer clients a transparent charging structure for years. Banning them for a more complex and expensive system would do the opposite of what the FSA says it wants to achieve through the RDR. The regulator should listen to the views of advisers and platforms and scrap its proposed ban.


Henderson hit with £7.6m FSCS levy as profits jump 37 per cent

Henderson Group has been slapped with a £7.6m interim levy from the Financial Servies Compensation Scheme as the firm announced a 37 per cent increase in underlying profit before tax for the last financial year. Underlying profit before tax stood at £100.7m for 2010, compared to £73.7m in 2009, Henderson has also revealed an 11 […]


A compensation premium for everyone is the fairest way

The cost of regulation has weighed heavily on the financial services industry for over two decades and the time has come to make transparent that part of the cost which must ultimately be borne by the consumer. With the proposed move to a transparent adviser-charging structure, advisers are becoming more focused on the various cost […]


FSCS funding review will look at sub-classes

FSA chief executive Hector Sants has confirmed that the way Financial Services Compensation Scheme sub-classes are made up will be looked at as part of the proposed review of FSCS funding. Earlier this month, Informed Choice submitted an open letter and petition to Sants and Treasury financial secretary Mark Hoban calling for urgent reform of […]

Jobs’ worth

How many of you out there have at least one Apple product? Lots of virtual hands in the air, I suspect. The design of pretty much anything Apple produces is legendary and the functionality is wonderful. The iPhone and iPod are truly must-have items for many people and the iPad could be heading that way. […]


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