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Three options for distribution of products says Tiner

There are three possible ways forward for the regulation of the new suite of stakeholder products according to FSA managing director John Tiner.

Speaking at the Treasury hosted seminar on the implementation of the Sandler review&#39s recommendations today, Tiner said the FSA supports the basic principle behind Sandler but now has to sort out the detail of regulation.

He said the options are plain English disclosure and warnings, unbundling advice from sales or adopting a prescriptive decision tree approach to the sales of the new products.

Tiner appeared to favour the third because consumers tend not to read warnings and the unbundling option would have the problem of suitability of the products.

He said: “Maybe a non-advice regime is more realistic.”


NU fishes for business with new TV ad drive

Norwich Union is returning to TV screens with a multi-million-pound advertising campaign featuring a trawlerman visiting his financial adviser.NU says the new ad is meant to reflect the desire of consumers to take control of their money such as through products offering fund choices.In the ad, the trawlerman announces: “The way I see it, I […]

Francis calls for lifetime maximum pension deal

The Government should take drastic action if it wants to encourage greater pension savings by replacing annual contribution limits with a lifetime maximum, according to ABI director general Mary Francis.Speaking at a fringe meeting at the Labour Party&#39s ann-ual conference in Blackpool last week, Francis said the Government is too fixated with the idea that […]

Correspondent&#39s week

It always seems funny to me how often deadlines are a struggle to meet, no matter how far in advance they are set. An example of this was the recent announcement by Mortgage 2000 and Mortgage Brain of our partnership to form the common mortgage trading platform, known as the Mortgage Trading Exchange.After initial discussions […]

Wedded bliss

To quote Mrs Bennett in Jane Austin&#39s Pride and Prejudice: “It is a truth universally acknowledged that a single man in possession of a good fortune must be in want of a wife.” And, of course, vice versa in this more politically correct era. Never is this truer than with capital gains tax.A husband and […]

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]


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