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Should the FSA scrap designatory letters?

“I am not sure they should be scrapped but they should be reformed in some way. Some people have too many letters after their name and it gets very confusing.”

Lyn Navin, Chamberlyns

“No, It gives extra credibility and the impression of being a professional and educated.”

Charanjit Chama, Middlesex Financial Services

“No, The consumer is led to believe we are more professional. Every other industry is allowed to have a bunch of stupid letters after their names, why shouldn&#39t we?” Andrew Fallan, Nice Financial Planning

“No. I don&#39t think they should, as designatory letters are a measure of what an adviser has achieved.”

Patrick Hennessy, PM Hennessy & Co

“No, I think it is entirely inappropriate. It is widely recognised in the larger community that professional people will acquire professional accreditations.”

Tony Eaton, Capitol Financial Services

“No, I do not see any reason why they should scrap them.”

Ray Edwards, Edwards & Associates

Yes. They don&#39t mean anything to my clients apart from the ones who give them a rude interpretation, particularly after recent stockmarket performance.”

Martyn Foster,Retirement Needs Planning

“Yes they should. People are sticking letters which are of no consequence after their names.”

Nigel Spiers,Buckles

yes 25%

no 63%

not sure 12%


&#39Fund supermarts will buckle under strain of growth&#39

The UK retail investment ind-ustry will not be able to sustain the rising number of fund supermarkets in the long term, according to a report by Datamonitor. The market analyst says the number of fund supermarkets will increase to 20 from 16 by the end of the year as companies including Legal & General, Norwich […]

Discount broking thrown into doubt over EU ruling

The future of discount broking could be in doubt if new European Union regulations get the go-ahead. Under the EU proposals, all intermediaries will be required to carry out a full fact-find for all investment transactions. These requirements are contained in the committee of European securities reg-ulators&#39 proposal for the harmonisation of business rules. Trade […]

Misys strengthens loan service

Misys is bolstering its support for IFA members doing mortgage business by providing more mortgage and compliance services and creating the new position of lending services manager. It is also naming internet and telephone bank Intelligent Finance, which offers a range of flexible mortgages, as a “categoryA” provider to help develop and deliver mortgage training […]

Why no amount of marketing can replace advice

I read with a heavy heart Money Marketing&#39s articles on the speech given by Mr Sandler and once again I find myself moved to put pen to paper. Of all that was said by Mr Sandler, I would agree with one point – greater prominence is to be given to measures aimed at stim-ulating the […]

Pension savings-2015

Pension tax relief: parked (for the moment)

The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]


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