View more on these topics

Why isn’t network commission ringfenced?


Yet again the brokers are the ones who will suffer. I do not know what the mechanics are of what happens with the money within a network but why is the commission from lenders and life companies not ringfenced, like client money?

Only their percentage split belongs to them and if their business model is sound, then they should be able to cover their costs, overheads and any borrowings from those monies. This money does not belong to them, the brokers are not employed by them.

The FSA needs to address this as it will put more brokers out of business yet again through no fault of their own.

Chris Birchall


Guernsey Qrops plans New Zealand scheme

Qualified recognised overseas pension scheme adviser Global Qrops says Guernsey Qrops providers may look to establish New Zealand schemes in the coming months to offer expatriates greater flexibility. HM Revenue & Customs pension regulations require Qrops established in certain jurisdictions to use at least 70 per cent of the fund to provide income for life […]

Analysis could pick new over old

The multi-manager team at LV= Asset Management says its analysis of the investment team and process behind a fund could lead to a new launch being preferred in its portfolios over an established fund that has had several managers. LV= is aware that to generate outperformance, multi-managers need to be invested in funds with a […]

Three more axed at FSSC

The Financial Services Skills Council has made a further three staff redundant, bringing the council’s total job losses to five. The second and final round of staff consultation, which finished last week, saw the departure of one senior manager and two more junior staff. Interim chief executive Liz Field would not name the staff members […]


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