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Will adviser wish list come to pass?

So what would an adviser’s wish list be for the New Year? Well, from the regulator,we suggest they might hope for a system that allowed them to pay their fees in instalments.

We also hope that the FSA shows itself willing to embrace changing a compensation structure that is surely unsustainable post-depolarisation.

The regulator should also take an open attitude to cutting back on docum-entation. Slimming down the key facts documents for mortgages must be a priority but all the disclosure documents and the menu itself could become too cumbersome.

>From providers, it would be helpful if lenders came to terms with the fact that their distribution channels are all regulated now and got their systems up to speed.

Insurers must continue to find a solution to administration problems. And fund managers – well, it would be nice if a few more stayed put for a few more years.

It would be very useful if IFAs and mortgage advisers were always told the facts about whatever new organisations they are thinking of joining, whether new mortgage networks, multi-ties or independents.

They may hope that Aifa will get see its new director general David Severn finds his feet in leading the organisation.

Also, that the Personal Finance Society, perhaps along with the Institute of Financial Planning, succeed in turning financial advising into a profession.

Some of these things will come to pass. But then what about a Government realisation that you need to incentivise savings not disincentivise them. Oh and no more scandals.

Well, you can always dream.


An adviser’s view

2004 was a record year for my company but, like many IFAs,I go in to 2005 looking over my shoulder, with no real confidence in the long-term future of our industry. This may sound like doom and gloom but is there any IFA who has not transacted an endowment, a pension transfer, a split cap […]

The Year Ahead

Tipped to do wellStability at F&C Asset Management following its merger with Isis could see renewed interest from investors. It had major upheaval as key managers and analysts left but F&C’s investment team looks ready to benefit from the new structure. However, it must recover from the loss of reputation on its bond and UK […]

IFAs are split on Severn

The IFA community is split down the middle over the appointment of FSA head of retail investment policy David Severn as Aifa director-general. A Money Marketing survey of 182 IFAs found that 48 per cent are in favour of Severn’s appointment while 52 per cent are against it. Severn, the architect of depolarisation as well […]

FSA drops threat over splits for firms in £194m fund deal

The 18 firms that have signed up to the FSA dealAberdeen Asset ManagersABN AMRO EquitiesBrewin Dolphin SecuritiesBritannic Investment ManagersCollins StewartEdinburgh Fund ManagersF&C Asset Management (formerly Isis)Framlington Investment ManagementGartmoreGovett Investment Management now AIB Investment Management)HSBC Investment Residuary(formerly HSBC Investment Bank)Jupiter Asset ManagementLegg Mason Investments (Europe)Morley Fund ManagementNew Star Asset ManagementPremier Fund ManagersRoyal London Asset ManagementUBS AG […]


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