Diane Hayter’s whole defence against Nic Cicutti’s article is an own goal. I will only pick two points:1: Only a serial committee member/do-gooder could possibly hailan increase in bureaucrats of 325 per cent (financial promotions’ team increase from eight to 34)2: Free or moderately priced assistance. Free! What planet is she on? Does she attend her meetings for free?What does she think we are, charities – not at our rates of tax, not with our FSA and PII bills.Is it any wonder that Nic was critical? Her rebuttal proves his point.There are some very able and savvy people on the panel but it seems they are outnumbered by apparatchiks.Perhaps more industry luminaries or people with real relevant experience might be better suited to the task and gain more respect from the FSA.Harry Katz, Norwest Consultants, Stanmore, Middlesex
Many financial services companies record conversations in the office as a standard practice and our story was based on recordings which were made in an office where a prominent sign warns that meetings and telephone conversations on the premises may be recorded.
Like many of my industry colleagues, I felt a surge of indignation on reading Dianne Hayter’s statement that “for the mass market, it is hard to find disinterested, professional, free or moderately priced assistance”. Oh yes? Disinterested is what a judge presiding over a legal conflict between two parties is supposed to be, namely without […]
Bradford & Bingley will no longer deal with third parties representing customer endowment complaints.The bank says its customers may be unaware of the free complaints service already available to them through the Financial Ombudsman Service.It will however deal with people representing customers with special circumstances or those customers insistent on using third parties.From August 1, […]
I always look forward to seeing Principal Investment Management’s White List of UK equity income funds.
A report from the Centre for the Modern Family out last week presents some interesting — and perhaps rather worrying — findings.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
There are numerous trip hazards with carry forward but more clients will want to be looking at it Many believe the annual allowance will be fair game for the chancellor soon, as one of the least painful and least complex reductions in cost to the Treasury. As such, the need to contribute while clients can and […]
The world is a challenging place for a traditional one-man (or -woman) band Increased regulation and rising costs are leading to a growing number of mid-sized adviser firms. Sole trader and two-handed businesses are becoming rarer as changing rules and client demands present a greater challenge for smaller firms. Between compliance, technology and the implementation […]
Thirty-six months is a short time in pensions. Before April 2015, few could have predicted that compulsory annuitisation would come to an end and the door to full withdrawals would be swung open. As the pension freedoms reach their third birthday, it is worth weighing up the evidence to date. Let’s start with the good […]