The FSA has finalised guidance on restricted and independent advice as part of RDR rules, which will include life policies, stakeholder pension schemes and personal pension schemes in its definition of retail investment products, alongside funds, investment trusts, investment trust savings schemes. This finalised guidance will mean a
Read more →Interesting article in Wealth Manager today reporting that Standard Life has struck a deal with 12 fund groups (G12) to market them more heavily to advisers. Wealth Manager understands that Standard Life already has the deal in place with the 12 groups, but is set to go
Read more →Friends Life, the parent company of Friends Provident International, yesterday announced the appointment of James Lai-Hing Tan as General Manager, Asia & Middle East, reporting directly to John van der Wielen, CEO International at Friends Life. Mr Tan will be based in the Hong Kong branch of
Read more →The Financial Services Authority (FSA) has warned that platform providers which currently reward advisers or networks for high business volumes will have to stop the practice after the retail distribution review (RDR). Speaking at the Personal Financial Society platform conference, FSA technical specialist Rory Percival said: ‘It’s
Read more →“The irony is advisers who are still getting trail commission – if the only ongoing fee they get is via that trail commission method through the product fee in this scenario – where’s the incentive for them to move to a fee-for-service model?” Earlier posts have drawn
Read more →Postcards from London – New Media/ Digital Marketing, RDR, and Sales Reward Reflections – May 2012 Just arrived back into a cold and wet Melbourne off the back of two and a half weeks in London. This is the first ‘postcard’ in a series of reflections from
Read more →Credit Suisse has announced that Christopher Faddy has joined Credit Suisse as a Managing Director and Head of Non-Japan Asia Distribution for Asset Management. He will be based in Singapore and report to Will Britten, Asia Pacific Head of Distribution, Asset Management. Mr Faddy will lead the
Read more →Saker Nusseibeh this week became the permanent chief executive of the fund manager, following an external search process, the company said. Nusseibeh had served as interim chief executive of Hermes since November, when former chief Rupert Clarke departed after three years in charge. Nusseibeh joined Hermes in June 2009
Read more →Content strategy (and placement) is a critical strategic marketing subject within Wealth Management (none more so than in the UK market this year). This example is a webcast that was seeded on CitywireTV on the 17th May, 2012 to co-incide with Carmignac Gestion (one of France’s leading asset managers) making its
Read more →Another announcement (with more expected to follow) aimed at direct-to-consumer RDR propositions. “Adviser firm HHPG Wealth Management is launching a direct-to-consumer proposition next month aimed at clients who cannot afford advice after the RDR. The Cardiff-based firm is looking to offer execution-only functionality across pension, investment, protection
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