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Survey reveals public’s views of CAR plan

Four out of 10 consumers say they would be more likely to use a financial adviser if their business was based on the customer-agreed remuneration model, according to Skandia.

The company says this shows why proposals for CAR should be embraced by the industry, although it says the FSA should be wary of unnecessarily increasing regulation to force the industry in this direction.

The research also found that 22 per cent of consumers say CAR would make them less likely to use a financial adviser while 38 per cent say it would make no difference.

The survey of 1,000 consumers found 58 per cent would prefer payment to be taken out of their investment rather than through an up-front fee, with 30 per cent of those favouring it taken from their investment up front and 28 per cent spread over time.

Head of marketing Billy Mackay says: “This is encouraging for advisers because it shows that, for most people, understanding the cost of advice is not going to put them off seeking it and if anything will encourage them. It is also very clear that consumers will embrace a range of ways to pay for advice.”


Sesame to host IHT planning seminars

Sesame is to host a series of 21 technical seminars on the technical aspects of inheritance tax planning. The roadshow kicks off on September 4 and will run to September 27 at various locations across the UK. Sesame recently held a survey of 450 advisers and found 43 advisers said the biggest barrier to IHT […]

Tories set out plan for investors’ disclaimer

A Conservative policy group is recommending a new focus on caveat emptor and lighter-touch pension regulation as well as a controversial plan to axe inheritance tax on primary residences.The economic competitiveness report, published last week, also calls for the repeal of mortgage regulation on the basis that it is lenders rather than borrowers who take […]

Cornell is in for Duffy to lead Hamptons’ loan push

Hamptons has picked technical director Jonathan Cornell as managing director of its mortgages division, four months after Kevin Duffy left the broker to join Robert Sterling.Cornell was favourite to succeed Duffy after he took over the day to day running of Hamptons alongside compliance director Paul Williams, who resigned from the broker last month and […]

Abbey warns of transfer restrictions on Isas

Four of the five “best buys” Isa accounts do not allow transfers in and one in five ISAs does not allow transfers in according to Abbey.Abbey is warning people to watch out for restrictive transfer conditions when choosing a new Isa provider and says that one in 11 Isa accounts has transfer exit conditions.Abbey’s research […]


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