View more on these topics

Survey prompts FSA to educate school leavers

The FSA is looking to educate young people about financial services at times such as leaving school, starting a first job or going to university as it says these activities require the need for financial products, services and money management skills.

The decision comes after an NOP study commissioned by the FSA found that young people aged between 15-19 rarely shop around for financial products and services because they mostly chose providers recommended by their parents.

The study found that young consumers are not highly interested in financial services and are not prepared to commit time to shopping around for appropriate products or good deals.

Spokeswoman Jackie Blyth says: “The FSA is looking to try to develop and improve its understanding of consumer needs and the triggers for purchasing financial services. This study helps us understand drivers in young consumers.”

Recommended

&#39Treasury and Revenue free of CTF misselling claims&#39

The Treasury and the Inland Revenue will be protected from any misselling allegations over child trust fund allocation, according to the Government&#39s response to the Treasury select committee&#39s second report into the CTF. The Government&#39s response to the select committee&#39s report, published last week, disregards the committee&#39s advice to review the method it will use […]

Class act

Tsk, tsk, bottom of the class. The Diary can only speculate as to whether the quiz team of a downmarket rival knew what the acronym Isa stands for at the Penrose financial services publishing quiz in the City of London last week. The Diary&#39s team would have gone to commiserate the rag&#39s bottom placing if […]

Franklin Templeton – Templeton UK Equity Fund

Type: Oeic Aim: Growth by investing in UK companies Minimum investment: Lump sum £1,000, monthly £30 Investment split: 100% in UK equities Isa link: Yes Pep transfers: Yes Charges:Initial 5%, annual 1.5% Special offer: Initial charge reduced to 3% Offer period: Until April 30, 2004 Commission: Initial 3%, renewal 0.5% Tel: 0800 305306

Webline offers online submission with Health-On-Line

Online comparative quotation source Webline is teaming up with health insurer Health-On-Line to launch a private medical insurance business submission service. The PMI new business service, that can be embedded in the adviser&#39s own website, allows Heath-On-Line business to be submitted online. Webline managing director Paul Holland says: “Through our relationship with Health-On-Line we believe […]

Guide

Guide: day-to-day tasks ​— can your system manage?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com