View more on these topics

Symponia and FSA to hold talks over care fees planning advice

Symponia has been invited by the FSA to take part in discussions on how best to take forward the issue of care fees planning advice.

The move follows Symponia’s lobbying of the Government to tighten the regulation of care fees planning to protect the elderly.

The care fees specialist gained the support of a group of MPs who helped press the FSA to meet the firm.

Co-founders and joint managing directors Janet and Jeremy Davies met FSA manager of pensions and financial promotions policy Paul Hun- ter and retail investments policy manager Jason Pope to call on the regulator to expand its CF8 care fees planning qualification.

Davies says while the qualification is a step in the right direction, it is too product-centric and out of date.

He says: “Symponia is happy that the FSA has pic- ked up the gauntlet and is prepared to listen, adapt and then make existing guidelines clearer for the general public and especi- ally for families of those who are facing care.”

Pope says: “I have contacted colleagues in other relevant departments to begin reviewing the messages we send out to firms and consumers concerning qualifications and competence in the care planning market. We will look into how best we can confirm our expectations from advisers.”


A&L’s loan range available online

Alliance & Leicester’s entire prime residential and specialist mortgages are now fully available online to all intermediaries, allowing immediate decisions and KFIs to be given. A&L has also cut the rates on its self-cert and prime range and launched its credit-adverse portfolio.

ABI gives in to pressure on CI cover for cancers

The ABI has bowed to pre-ssure from Swiss Re and changed its statement of best practice on critical-illness insurance for two types of cancer.In light of medical evidence from Swiss Re which suggests that the two cancers may be malignant in some cases, the ABI has decided that the rare conditions will now be covered […]

Euroclear buys out Emxco

Equity clearance house Euroclear has bought fund order routing business EmxCo in a deal that it says will enable it to offer automated fund settlement at half of EmxCo’s prices.


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