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Who is responsible for T&C regime?

I have just reread my Independent View article (Money Marketing, September 14) and need to make some apologies. You will appreciate that it was written before the launch of the Skills Council for Financial Services. SCFS chief executive Professor David Jackman was very clear that they wish to raise standards and the new examination modules, I understand, will be above the current level of FPC and below that of AFPC.

This is a good start although I do hope that eventually AFPC will be the benchmark. What the IFA sector needs to be told is the detail of the relationship between FSA and SCFS. Who is now responsible for the T&C regime? The risk is that the IFA will be caught between a rock and a hard place, with the SCFS saying one thing and the FSA requiring another. This must be avoided at all cost.

I should also apologise for my derogatory remarks about the English cricket team who, as they proved in the final test against South Africa, can indeed score more runs than the FSA can issue consultation papers.

Nick Bamford

Managing Director

Informed Choice,



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End of an era

It is the end of an era this week as FSA chairman and chief executive Sir Howard Davies says goodbye to the regulator he has steered from its inception.The colourful and often outspoken Davies leaves behind many memorable moments, recently promising there would be no retrospective misselling reviews and divulging that he is not a […]

Independent view

The other week I received a call from a recruitment consultant which most of you will know is a euphemism for a 21-year-old Essex girl with the gift of the gab, almost certainly blonde and probably straight out of college if indeed she went to college. I imagine she had many attributes, most of which […]

All change as HBOS tops table

HBOS has knocked Nationwide off the top of the PressWatch financial products table last month with 213 mentions in the national press.Nationwide slipped into second place despite praise for its campaign for clarity in the credit card industry while Northern Rock moved into third place from fifth last month.August also saw Legal & General jump […]


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