View more on these topics

Tied in knots over terms of business

The furore over Mr Severn&#39s “no distinction between IFAs and tied agents” is, to me, completely mystifying.

We all have to give a “terms of business” document to all our clients to allow them to distinguish between between the types of representation they can expect.

My terms of business categorically state “Regulators&#39 statement: your adviser independent or representative of one company.”

It cannot be more explicit. What is the argument all about? It gives the impression that there is a secret agenda to “get at the IFA”.

I have no doubt that the vast majority of IFAs are concerned that the client does get the best advice – in everybody&#39s interest.

Only a complete fool would ignore all the press coverage that has been levied against us.

D Tudor Greaves

St David&#39s Partnership



Merger may be revived as LIA chief executive Travis quits

LIA chief executive Jeff Travis has resigned after six years at the helm of the trade body.His sudden departure has provoked speculation that the move may clear the way for a merger between the LIA, the Institute of Financial Planning and Sofa, possibly under the umbrella of the Chartered Insurance Institute.Travis, the former AMP direct-sales […]

Reluctance to change lenders hits consumers

The majority of British homeowners display apathy when reassessing their personal finances, according to a study by Yorkshire Building Society.Nearly half of homeowners, 47 per cent, admit they could save money on their mortgage with a deal elsewhere but feel safer staying where they are.Underlining the apathy felt by most consumers towards finance, the survey […]

NDF Administration – Higher Income and Growth Plan 2

Monday, March 18, 2002Type: Guaranteed equity bondAim: Income and growth by investing in the top 10 FTSE 100companiesMinimum-maximum investment: £10,000, £7,000 for Isa investmentsand Pep transfers-£1m, £7,000 for Isa investmentsTerm: Five yearsGuarantee: Capital returned in full provided none of the stocks aremore than 20% below their initial levelReturn: Choice of 0.7% a month, 9% a […]

Yorkshire provides on-line service to L&G mortgage club

Yorkshire Building Society and Legal & General have launched a range of on-line mortgage functions for users of L&G&#39s mortgage decisions service. Part of this e-business service involves Yorkshire Building Society giving on-line mortgage approvals in principle to L&G&#39s network of mortgage advisers for the first time. L&G mortgage club sales and marketing director John […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment