View more on these topics

Why did we depolarise in the first place?

The retail distribution review interim report is polarisation reinstated.

Why did we have all the palaver about depolarisation and will the regulator flip-flop between the two philosophies for evermore? Will this now see an end to the debate?

The second point concerns remuneration. I am relaxed about absolute transparency and ending provider influence but as I put in my submission:1: How will we be sure the costs of commission (and associated “acquisition” costs) are fully passed on via factory gate pricing? Will this not just be an opportunity for providers to increase margins at consumers’ expense?2: How will providers differentiate themselves? Only so many can win on pure features, performance and service, so what next? Hidden inducements or freebies? Will we be able to replicate, for example, the practice of having more invested than the face value of the cheque as a consequence of offsetting high commission against allocation rates?

Harry Katz
Norwest Consultants
Stanmore, Middlesex


Lloyds sends further 450 jobs to India

Lloyds TSB has announced that its information technology division will be exporting up to 450 UK-based jobs to India over the next nine months.

Triple crowns for Money Marketing

Money Marketing won a hat-trick of awards at the prestigious Headline Money awards. Chris Salih won trade investment reporter of the year, Tanya Powley won trade mortgage reporter of the year and Paul McMillan is trade journalist of the year.

Dual route is road to conflict

FSA chief executive Hector Sants’ comments on mortgage dualpricing at last week’s Building Societies Association conference make the FSA’s position on the matter clear.

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment