View more on these topics

Wells Street Journal: Hoban vs Money Marketing

Hostilities between WSJ sister-title Money Marketing and former Treasury secretary Mark Hoban were resumed this week.

MM and Hoban haven’t seen eye-to-eye ever since his infamous comment equating pre-RDR IFA qualifications to a diploma offered by McDonald’s.

One MM hack tried for two years to get an interview with Hoban while he was still responsible for annoying IFAs, all to no avail. When he finally managed to get a question to Hoban at an event in 2012, Hoban gave a little chuckle and ducked the issue.

Bypassing Treasury spin-doctors and calling Hoban out of the blue on his mobile without having been given the number by the minister probably didn’t help either.

Said hack is now back in the MM fold and last week attended an event at the Chartered Insurance Institute where Hoban was speaking.

Baited by CII chief executive Sandy Scott about his McDonald’s claim, Hoban said it was only Scott and MM who remembered the story.

Left with little choice but to defend his honour, the journo used the Q&A session after the event to ask whether Hoban regretted likening IFAs to burger flippers. Needless to say Hoban was too smart to open old wounds. How well qualified do you think MPs are? Tweet us @MM_WSJ



FOS upholds complaint against Berkeley Burke over Ucis

The Financial Ombudsman Service has upheld a complaint against Sipp operator Berkeley Burke Sipp Admin-istration for failing to carry out adequate due diligence on a £29,000 unregulated collective investment scheme. In 2011 an investor, referred to as Mr A, transferred £29,394 from a personal pension plan into a Sipp through Berkeley Burke after being introduced […]


Old Mutual plans to retain Intrinsic mortgage arm

Old Mutual Wealth is to carry out a review of its ownership of Intrinsic’s mortgage arm but says it expects to keep the business. In an interview with Money Marketing following the completion of the Intrinsic deal, Old Mutual Wealth chief executive Paul Feeney says the provider will review the network’s mortgage operation in 12 months’ time. […]

Rake OOC

Out of Context: “It’s like pushing water uphill with a rake”

“It’s like pushing water uphill with a rake.” Beuafort Financial Planning executive chairman Simon Goldthorpe says getting experienced advisers through exams can be a challenge. “The pen is mightier than the insurer.” GSL Financial managing director Gary Lewis congratulates MM after Aegon U-turns on removing adviser servicing rights. “Come May, you could find yourself in […]


Gallagher parent acquires Baker Tilly Employee Benefits

US parent of Gallagher Employee Benefits Arthur J Gallagher has acquired the assets of Baker Tilly Employee Benefits for an undisclosed sum. The assets represent the employee benefits arm of RSM Tenon, acquired by Baker Tilly in 2013. It sees all corporate benefits contracts, 46 employees and rights to the 4pensions management software move to […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment