View more on these topics

Scottish Life takes stance against defined payment

Royal London and its marketing division Scottish Life are taking a stance against the FSA&#39s view that an IFA must use a defined payment system to be classed as independent.

The group&#39s response to CP 121, Reforming Polarisation, says it is market choice and a best value and suitable product that characterise independence, not the method of payment.


Unsettled forecast

In my last article, I started to look at the use of target benefit projections in giving financial planning advice, particularly investment portfolio advice, inside and outside of pension contracts. I discussed the projection of a required income level using either price or wage inflation and posed the question: “What is the likelihood that the […]

Inside edge: Peter Dornan

Submissions have flooded in from the industry to the FSA on CP121. In compiling our response, Aegon UK studied a wealth of existing research, carried out 250 in-depth interviews among the IFA community and commissioned new consumer research.Our response was among many to propose alternatives to the defined-payment system. The new test within CP121 of […]

Independent View – Steve Buttercase

If you are settling down to read this in a packed office, please pause for a moment, glance around at your colleagues and, for the purpose of this brief experiment, place them into one of two categories. Category one is “predominantly a salesperson” and category two is “predominantly an adviser”.In the red corner is “the […]

IFAs facing threat of split-cap legal action

Lawyers planning to sue fund companies over split-capital investment trusts are now turning their guns on IFAs, alleging misselling totalling £30m.Solicitors Class Law is targeting up to 30 IFAs on behalf of around 1,000 clients. The IFAs include Hargreaves Lansdown and Whitechurch Securities as well as Barclays Private Clients, NatWest, Brewin Dolphin and PricewaterhouseCoopers.The law […]


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