View more on these topics

Sandler will criticise FSA regs says Sunday Telegraph

Ron Sandler will conclude the cost of complying with complex FSA rules is a significant deterrent to saving through pensions, Isas and unit trusts according to the Sunday Telegraph.

The final report of the Treasury commissioned Review of Medium and Long Term Savings will be published next month, says the newspaper, and will propose the creation of a simplified investment product which could be sold to consumers “off the shelf” without the need for advice.

The story also quotes a Treasury official saying Sandler will also recommend preventing with-profits life offices from using policyholders&#39 funds to cover their own running costs.


Independent view

A feeling of deja vu swept over me recently as I read a newspaper column about someone&#39s experiences of dealing with financial extranet sites. I too have had life-shortening episodes of frustration when trying to transact affairs over one or two life office sites.We all know why companies are moving to electronic transactions so it […]

Why CP121 is no laughing matter

One of my favourite Morecambe & Wise shows involved conductor Andre Previn, where Eric Morecambe was the pianist.I was reminded of this as I finished my response to CP121. On this occasion, the FSA has eagerly embraced new technology by allowing submissions using a form on its website.This is all very well but it does […]

Fidelity denounces &#39crazy&#39 CP121

Fidelity, the UK&#39s biggest fund manager, has come out strongly against the FSA&#39s depolarisation plans, branding them “crazy” and likely to work to the detriment of consumers.In its response to CP121, Fidelity says forcing IFAs to decide between staying as they are or switching to one of several other adviser models is liable to bewilder […]

Outside edge: David Ferguson

One of the first major issues to emerge from CP121 was the defined-payment system that must be adopted by those advisers wishing to remain truly independent, essentially requiring the charging of fees for giving independent financial advice.It is this measure more than most that has led to the capital conundrums that have arisen for many […]

Pensions Dashboards around the World

Steve Webb’s latest policy paper British savers risk being left in the ‘slow lane’ unless the UK Government takes a more active role in ensuring the successful delivery of a Pensions Dashboard. The report, ‘Pensions Dashboards around the World’, coincided with a major conference that was held on Monday 16 May and brought together experts […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment