Advisers and insurers are relieved at the FSA’s decision to allow commission to remain for protection products. In the retail distribution review consultation paper, the FSA says it will not introduce adviser-charging for protection but will require firms to disclose a commission payment where pure protection is sold at the same time as investment advice. […]
Icelandic president Olafur Ragnar Grimsson has refused to ratify a bill passed by the country’s parliament to authorise the repayment of money to Britain and the Netherlands following the collapse of Icesave bank in 2008.
The FSA has appointed former Which? consumer champion Julian Edwards to the new role of consumer senior adviser. The regulator says it established the role to help deliver better outcomes for consumers through “intensive supervision and rigorous risk assessment”. The aim is to also strengthen the FSA’s understanding of consumer issues. Edwards, who took up […]
Kunal Desai, manager of the Neptune India Fund, comments on the implications of the BJP’s historic election win in India’s most populous state, Uttar Pradesh. Read the full article here Important Information – for investment professionals only. Not for retail clients. Investment risks The Neptune India Fund may have a high volatility rating and past […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]
The FCA has said it will continue its UK-wide workshop series on financial advice and defined benefit pension transfers. In a newsletter yesterday, the watchdog confirmed it would push ahead with more “Live and Local” interactive events for representatives of regulated firms with DB transfer permissions. The sessions will feature case studies and practical examples, […]
Advisers prefer to fulfill their continuing professional development requirements by attending events rather than engaging with online learning materials, research from Prudential shows. The Prudential Adviser Barometer shows 60 per cent of respondents said events was the best format for CPD last year, rising to 63 per cent this year. While 44 per cent were […]