View more on these topics

Scottish Life reports increase in demand for CAR

Scottish Life has reported an increase in demand for customer agreed remuneration models.

The pensions specialist arm of Royal London Group introduced CAR in 2003 and its latest figures show that 93 per cent of its regular premium individual business is now being written through a fee-based structure.

This compares with 87 per cent last year and 50 per cent in May 2004.

Royal London intermediary division chief executive John Deane says: “We believe that the use of CAR models, such as our financial adviser’s fee, offer a fairer, more transparent and more sustainable solution than traditional initial commission models.

He adds: “Some people have suggested that the Retail Distribution Review interim report was lukewarm on CAR but we totally disagree.

“The FSA clearly states in the interim report that product providers have no role in determining remuneration.”


Zinkula becomes COO at L&GIM US

Legal & General Investment Management has appointed Mark Zinkula as chief executive officer of L&G Investment Management America.


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