Of all the things the FSA is trying to fix, the news yesterday that it wants to 'fix' the consumer's 'misunderstanding' of projection rates must rank as one of the more unexplainable ones.
It is not a little ironic that the day after the publication of a report suggesting the industry take steps to boost consumer trust in savings at least one national daily newspaper reports of another FSA investigation into potential wrongdoing.
The Association of IFAs' appearance in front of the Treasury Select Committee yesterday has already sparked calls from angry IFAs this morning, who feel MPs gave advisers' reputations a serious beating without knowing the realities of the job.
According to Ponyboy there are two kinds of people: greasers and socs. The latter have money, can get away with just about anything, and have an attitude problem. Greasers always live on the outside and need to watch their backs. Ponyboy is a customer…er,...
Standard Life yesterday proved yet again that unlisted life company boards must do something pretty awful before any of their proposals are actually voted down by policyholders or members.
The suggestion that product providers be paid according to the ‘level of satisfaction' which a product provides, seems to be taking the nanny state to every greater extremes.
Publication of Lord Penrose's report into the financial crisis at Equitable Life has certainly set the cat among the pigeons, and is already being labelled in some quarters of the industry as nothing more than a whitewash.
In the last week, the financial advice sector has seen several key proposals for regulatory reform which will substantially alter their business over the next 18 months.