View more on these topics

Seminars show the fair way for with-profits

Aegon and O&M Systems are running a series of free roadshows for advisers on treating with-profits customers fairly.

Following an investigation into with-profits, the FSA released a briefing in May 2007 which identified key questions for advisers and said that firms not offering reviews of with-profits policies may not be treating their customers fairly.

Speakers from O&M Systems and Aegon will aim to provide advisers with the strategy and tools to ensure they are in a position to confidently address the key questions raised by the FSA.

Aegon marketing communications manager for partnerships John Joe McGinley says: “The FSA has estimated that there is over £427bn invested in with-profits. With-profits have been the focal point for a number of FSA initiatives over the years, with the focus on the adviser to review their clients’ investments and pensions to ensure their expectations are still being met.”

O&M Systems director Graham Miller says: “We will ensure advisers are made aware of the implications of the FSA’s sector briefing, giving valuable advice on implementing action plans on with-profits and identifying threats and opportunities associated with the briefing”


Suitable case for treatment

Perhaps I am just naive. I have always found it quite difficult to understand the need to have an initiative called treating customers fairly. After all, shouldn’t service companies being doing that already? Isn’t that the core of their business offering?

ABI warns over auto-enrolment

The Association of British Insurers claims the pension reform programme could fail unless the Government fights for a change to EU law to allow auto-enrolment in group personal pensions.

London & Capital in multi-asset offering

London & Capital has set up a portfolio management service offering the mass-affluent a combination of absolute return and multi-manager strategies.The service will be run by head of UK retail Jamie Farquhar in partnership with Old Broad Street Research.It will give advisers a choice of five strategies ranging from conservative to aggressive, with the underlying […]

Mortgageforce wins civil service deal

Mortgageforce has secured a three-year contract to look after the mortgage needs of over 300,000 civil servants.The deal with the Public and Commercial Services union will rank as one of the top three of Mortgageforce’s 20 corporate relationships.PCS has over 304,000 members and 10,000 associate members working in central government and for public bodies.Mortgageforce chief […]


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