By Fiona Henderson The FSA has launched a webpage for consumers looking for advice on financial pro...
By Fiona Henderson
The FSA has launched a webpage for consumers looking for advice on financial products.
The webpages, known as Shop Around, aim to offer impartial advice and information on how to find the best deal when looking for a pension, mortgage, Isa, unit trust or other financial product.
The Shop Around section of the webpages include a number of sub sections. There is a concise feature highlighting the various ways in which a consumer can find comparative information on certain products.
An advice page has been added, which covers all financial products and explains what they are and key features to look out for.
There is also a page on whether an IFA can help the consumer choose the right product. It outlines how to contact an IFA and informs consumers of their rights concerning financial advice. A checklist is also available on how to protect oneself when investing in and searching for a product. It offers extra advice for shopping for products over the phone, on the internet, by post and through intermediaries.
The products and services covered by the pages include current accounts, home income plans, pensions, Isas, shares, unit trusts, Oeics, investment trusts, exchange traded funds, gilts and corporate bonds.
The site is part of the consumer help pages of the FSA website and can be found at www. fsa.gov.uk/consumerhelp.
At the same time Scottish Value Management (SVM) has relaunched its website, which now includes a section dedicated to IFAs.
The additional IFA features include a document library, which holds all the literature for SVM products and sales. The library also contains the annual and interim reports for all SVM funds and investment trusts.
There is a new monthly update section, which provides analysis and performance for the unit and investment trusts, which can be downloaded or emailed to intermediaries. There is also a feature allowing the home page to be customised to show the latest prices and NAVs for funds.
Investment trust prices are updated every 15 minutes and unit prices are updated daily.
SVM plans to continually update the IFA zone, which is dedicated to advisers. The company intends to further develop the system over the next few months with the aim of offering improved comprehensive information to IFAs.
Any news and press releases from SVM will also be available in a section called SVM News.
The group has also decided to reproduced speeches, articles and presentations about itself, its investment strategies and product range.
The SVM presentations area will include all presentations, press articles and market commentary written by SVM managers as downloadable files.
The site can be found at www.scottish-value.co.uk.
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client