MM is baffled as to who thinks that bodies such as the consumer panel, the National Consumer Council, Energywatch, Postwatch and Ofcom’s consumer panel make a natural fit.Consumer Direct promises to be a muddle of an organisation covering several industries regulated in different ways and requiring different levels of consumer protection. Clearly, in the realm of finan- cial services, it will leave the field open almost exclusively to Which? as the new body finds its feet. There is a need in financial serv-ices to have a better idea of where consumer responsibility lies embodied in the principle of caveat emptor. The consumer panel is, we believe, opposed to any significant application of the principle by the FSA. This is a shame but at least when industry representatives raise the idea, the panel members know what they are talking about. Merging these bodies is a very silly idea.
Park Row’s chief executive is a keen proponent of personal development and he is aiming to use that enthusiasm to achieve ambitious goals for the newly merged company. Interview by Samantha Shaw.
Michael Lord has taken over as head of mortgages and credit unions in the small firms division of the FSA.He replaces Andy Watson who has left the FSA.Lord will continue to look after the investment department in the small firms division until February 20. He will be succeeded in the role of head of investments […]
Lenders are being warned that they risk falling by the wayside if they ignore the internet. Pink Home Loans managing director Tony Jones claims that banks and building societies which fail to build technology that helps transactions for brokers will lose business. Jones says: “The internet is becoming increasingly important. It was nice to have […]
Strong demand for personal pensions last year offset fall- ing protection and annuities sales and helped increase Legal & General’s fourth-quarter new business flows. The firm saw a 29 per cent rise in UK new business to 292m from 227m in the same period in 2004. New regular-premium pension business increased by 33 per cent […]
By Mark Martin, Head of UK Equities at Neptune Investment Management Recent UK GDP figures indicated that the economy is in good health, with a 0.5% rise in GDP in the final quarter of 2015. Whilst the GDP growth rate fell from 2.9% in 2014 to 2.2% in 2015 as a whole, this expansion – […]
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Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
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With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]