View more on these topics

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 of the the multiplicity of industry reviews.

Thomas rejects the claim that higher commission rates may lead to product bias, saying providers do not offer higher levels of remuneration to individual IFA firms but to tied salesforces and networks instead.

Thomas says direct selling should be banned if financial products are so complicated that consumers do not understand them.

The fact that off-the-page selling is still allowed indicates that consumers are more literate than the Sandler consultation paper appreciates, he says.

Thomas says: “Academics and bureaucrats who support the abolition of polarisation are naive if they believe that support for their proposals from within the financial services industry comes from anywhere other than those vested interests who would benefit from a weakening of consumer protection.”


ABI issues ethical investment guidelines

The ABI is issuing investment guidelines to encourage companies to disclose their approach to corporate social responsibility.The guidelines will set out what institutional investors will expect to see disclosed in annual reports of companies n which they hold stakes.ABI director Mary Francis says: “I am pleased that the ABI as been able to respond too […]

CGNU sees pensions sales grow

CGNU wrote new business worth £10.4bn in the first nine months of this year, with £5.3bn of business in its UK life and pension arm.Sales of stakeholder pensions were worth £120m since their introduction in April, but CGNU&#39s ovevrall UK pension sales were up 37 per cent to £1.9bn for the first nine months of […]

Lloyds TSB – London Guaranteed Equity Savings Plan

Wednesday, 24 October 2001.Type: Guaranteed equity bond.Aim: Growth linked to the performance of the FTSE 100, Eurostoxx 50 and Nikkei 225 indices.Minimum-maximum investment: £2,000-no maximum.Term: Five years.Guarantee: Capital returned in full plus 20 per cent growth over five years.Return: Capital returned in full with a minimum of 20 per cent growth over five years.Interest: 4.5 […]

Skandia adds to life cover in bond rebrand

Skandia is rebranding its bond range and offering enhanced additional life cover to investors.Skandia&#39s onshore bond range which includes its investment, capital and income and distribution bonds, will now come under the “multi” banner within its multi-manager fund supermarket.IFA clients can select life cover of up to 125 per cent of the initial investment with […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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