View more on these topics

Treasury to amend financial promotion rules

The regulation of financial promotions is set to be brought under one set of rules as part of the Treasury review of the FSA.

The consultation paper has outlined concerns that the way in which promotions are regulated depends more on what regime the products fell under in the past rather than the amount of risk to consumers.

The move comes in the wake of problems over the marketing of split capital investment trusts and structured products.

The document says: “It would be possible to base the extent of regulation of financial promotions of different products on their risk rather than their sector. This approach is similar to that developed by the FSA in the intensity with which it regulates authorised firms.”

The FSA is also considering freeing Oeics from the the requirement to have an annual general meeting.

Recommended

Self-certified endowment misselling

I recently had a visit from a lady who used to work as a sales representative for Sun Life of Canada. In 1984, she sold herself an endowment policy to support her new 20-year interest-only morgtage of £15,000. Her endowment policy will mature next month with a maturity value of £16,000. As this policy maturity […]

Growing season for Axa IM

Axa Investment Managers&#39 new retail chief Simon Ellis says the group&#39s recent fund launches mark the start of a concerted effort to bring to market products and services to suit IFAs&#39 needs. Ellis, who recently became head of UK retail and multi-manager after leaving Henderson Global Investors, says the corporate bond fund and two multi-manager […]

BSA calls on Treasury for Isa rethink

The Building Societies Association is calling on the Government to rethink its proposals to cut the annual subscription limit for Isas. The BSA is concerned the Treasury intends to cut the annual limit for the maxi ISA from £7,000 to £5,000 and the mini cash ISA from £3,000 to £1,000 in April 2006. BSA director […]

Regulation to make it easier for employers to offer pensions advice

The Treasury&#39s two-year review of the Financial Services and Markets Act recommends changes to regulation that will provider greater certainty about the regulatory position of financial advice provided by advice centres, make it easier for employers to provide advice and information to employees on pensions and recie the regulation of occupational pension fund trustees when […]

Tax avoidance (the fight goes on)

In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes? Read more

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com