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What advisers think of Sandler – Syndaxi Financial Planning

Syndaxi Financial Planning says separating advice from product purchase would improve the chances of clients receiving ongoing financial planning.

In its response to Sandler, the company says this would tackle the “unhealthy preoccupation” the industry has with new business and the front-loaded nature of remuneration for salespeople which limits active reviewing of contracts.

Principal Robert Reid also believes there is a discrepancy between the level of knowledge and qualifications advisers have in the area of investment and what consumers expect them to have.

He says the benchmark has remained constant for several years while the regulator attempts to develop advisers&#39 knowledge with training and continuing professional development while ringfencing certain products which require additional qualifications.

Reid says the key change that would benefit clients is to ensure they understand exactly who advisers are working for and this inevitably means a shift towards fee-based advice.

He says: “The public probably expect an adviser to be qualified to degree level, which is often not the case and this creates a false situation. The regulator has got to bite the bullet to raise standards.”


Schroder secures growth

Schroder Unit Trusts has designed a capital protected fund that is linked to the Eurostoxx 50 index over a term of five years and two months.Schroder secure growth formula is a Dublin-based closed-ended fund that invests in bonds and derivatives to provide capital protection. Investors get their original capital back at the end of the […]

Marketing via the internet is a must

I have been banging the internet drum to other IFAs for over two years now, so I was interested to see the article “Internet is the key to survival” (Money Marketing, October 11). It seems that, at last, the penny has dropped.It is indeed a very foolish IFA who ignores the internet. It will never […]

What advisers think of Sandler – Thomas Financial Planning

IFA Thomas Financial Planning warns against the introduction of multi-ties in its response to the Sandler review, claiming that they would only benefit providers which want to increase sales of unsuitable products from their tied agents.Principal Philip Thomas says it is clear that there is a lack of co-ordination among the Government and regulators because […]

Competitive edge

The Financial Services Forum will be looking at strategies for competitive advantage in financial services marketing in London next month. The event will include presentations on how those responsible for their companies&#39 strategies can achieve innovation in marketing.Speakers will include Cahoot managing director Tim Murley describing creating a new bank, Lloyds TSB Create managing director […]


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