View more on these topics

Value of advice must be spelt out alongside cost – Aifa

Aifa director general Paul Smee believes today&#39s publication of the Menu will enable the value of advice to be spelt out alongside its cost.

He says: “Although this is probably over engineered, with too many products, we broadly have the core now, and we can now use this to demonstrate the value of advice.”

He also feels that the principal of equivalence is strongly put by the FSA in the document, and so it will apply across all channels.

He says: “There is no impression here that commission is a second rate way of paying.”

Recommended

Those were the daze

It was a slow Valentine&#39s Day for the Diary. There was the odd rose sent in by admiring readers but unfortunately the Diary was desperate and dateless. So desperate, that reading back issues of Money Marketing was as exciting as it got. And back in the very first issue of MM in September of 1985 […]

MEPS back second set of amendments to ISD

MEPs are backing a package of compromise amendments in the second reading of the new Investment Services Directive. After the Council of Ministers opted for highly controversial amendments to the directive. MEP Conservative spokesperson in the European Parliament Theresa Villiers says: “The compromise provides the pre-trade transparency requirement that the continental markets want, without imposing […]

Willetts condemns Government&#39s pension wind-ups

Shadow pensions secretary David Willetts is hitting out at what he calls the Government “failure” to help the estimated 60,000 victims of pension wind-ups. Willetts will be challenging the Government&#39s stance on windups at a debate tomorrow at Westminister Hall, entitled Crisis in Pension Scheme Windups. He says ministers have described the early 2005 projected […]

DWP extends waiver on stakeholder charge calculations

The 2001 rule waiver that relieved product providers of the obligation to provide daily calculations of stakeholder charges will be extended for a further year, the Department for Work and Pensions has confirmed. Providers say the fact that they had to ask for the waiver, which was granted after a request from the ABI, shows […]

William Littlewood “betting that QE won’t work”

Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]

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