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Should Howard Davies use his remaining term in office as head of the FSA to fight for the price cap and filtered questions to be dropped from the Sandler suite of stakeholder products?

“Yes because I think there is a general recognition that advice is an important part of the process and that advice has to be paid for.”

Malcolm Wood, MDW Associates

“Maybe. It depends on how committed he is to the principle.”

Bernard Hunte, Millfield Partnership

“Yes, on the basis that stakeholder pensions have not worked and, in my view, filtered questions will probably lead to misselling.”

Ralph Shand, The Shand Consultancy

“Yes. He should push for the price cap and filtered questions to go while he is still in charge.”

Gareth Davies,Eastside Insurance Financial Services

“Yes. I am just an IFA trying to earn a crust but I think it would make it easier to make a living distributing financial services.”

David Vivian, First Independents

“Yes. We need to get the whole situation sorted out, otherwise the consumer will be disadvantaged.”

William Barber, Barber Investment Services

“Yes. It is not economically viable at the moment for us to sell these products. We need fair remuneration.”

Alan Ball, AD Ball & Co Financial Services

“Yes. He seems to be a different man now that he has decided to leave. The price cap cannot work so he should fight to get it removed.”

Martin Jackson, Martin Jackson

Yes 88%

Not sure 12%


Berkeley Berry Birch takes over MacRobins

IFA group Berkeley Berry Birch has bought London-based IFA MacRobins for £673,077.The deal for the employee benefits and general insurance specialist will be split between £350,000 cash and £323,077 of BBB shares.MacRobins has just two advisers but produces around £1m turnover through corporate pensions and commercial insurance for SMEs. It will be integrated into BBB&#39s […]

Pru offers bonus payout protection on WP plans

Prudential is offering an incentive to wary with-profits investors by saying it will protect bonus payouts on new business from being dragged down by the poor investment conditions of previous years.The company says all accumulating with-profits products bought since the spring of 2002 will have their total bonuses based solely on the fund&#39s performance since […]

Wales needs more homes – CML

Wales needs 33,000 new homes to clear a backlog in demand, according to research published by the Council of Mortgage Lenders.Not included in this is a need for another 8,600 new homes a year from 1998 to 2016 to satisfy a strong preference by the Welsh to buy a new home rather than an existing […]

Bank of Scotland wraps up triple fund deal

Bank of Scotland Investment Service is setting up a wrap account which offers HBOS customers access to funds from Schroders, Newton and UBS Asset Management.The service will be introduced on August 18 and will feature three funds from each of the firms, offering investors access to a range of growth, income and international funds.The bank […]

'Feeling the Squeeze'

Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]


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