TITLE

Head to head: Skandia and Novia on using DFMs following FSA paper

PUB. DATE
June 2012
SOURCE
Money Marketing (Online Edition);6/14/2012, p22
SOURCE TYPE
Periodical
DOC. TYPE
Opinion
ABSTRACT
The article presents the author's views on discretionary fund manager (DFM). It is statetd that DFM services can be beneficial to some customers, but they need to be implemented correctly with the Great Britain Financial Services Authority (FSA) guidance. Information on a paper is presented that raised concerns about the way some advisers were using Difs and clarified that some firms' outsourcing discretionary management can arrange for the client to have a contractual relationship with DFM.
ACCESSION #
77065641

 

Related Articles

  • FSA says advisers haven't thought through RDR. McMillan, Paul // Money Marketing;7/19/2007, p2 

    The article reports that the Financial Services Authority (FSA) has questioned on the implications over the relationship between independence and whole of market in Great Britain. The director of small firms Stephen Bland explained that FSA asked the question to provoke debate on the meaning of...

  • 'IFAs sell cheaper products than tied salesforce rivals' Greenwood, John // Money Marketing;1/24/2002, p3 

    Reports that independent financial advisers (IFA) are demanding that the Financial Services Authority should focus on its own research for CP121 in Great Britain. Complaint of IFA; Cost of commission bias and consumer detriment.

  • Advisers say multi-ties will spark a rise in commission. Boles, Corey // Money Marketing;1/24/2002, p3 

    Reports that British independent financial advisers are predicting a rise in commission under a multi-tie regime as of January 2002. Information on the intervention of the Financial Services Authority (FSA); Benefit of the FSA rules for product providers.

  • 'FSA is not coercing IFAs' Severn, David // Money Marketing;1/24/2002, p16 

    Discusses the proposal of the Financial Services Authority (FSA) in Great Britain to reform polarization. Image problem of independent financial advisers; Implication of the transition to the defined-payment basis; Approach suggested by the FSA to make the changes clear to consumers.

  • FSA drops DPS for Aifa's menu system. Boles, Corey // Money Marketing;10/31/2002, p1 

    Reports that the Great Britain Financial Services Authority (FSA) is dropping its defined-payment system in favor of Aifa's menu system, leaving independent financial advisers (IFAs) free to be paid commission as long as they offer consumers a payment menu including fees. Reaction of IFAs and...

  • PYV says IFAs are opting for wider PI cover. Love, Bruce // Money Marketing;1/15/2004, p8 

    Reports that an increasing number of Independent Financial Advisers (IFA) are taking additional cover from a second PI provider to help cover big excesses in Great Britain. Benefits of the easing out of rules by the Financial Services Authority for well capitalized firms; Efforts of the...

  • Reforms threaten single-tied advisor. Wickenden, Chris // Money Marketing;7/11/2002, p14 

    Focuses on the impact of the proposed changes by Britain's Financial Services Authority on the competitiveness of high-street banks and single-tied advisers in 2002. Information on the report entitled UK Bancassurance and Tied Advice; Performance of the life and pension business of the...

  • INSIDE EDGE: ANDREW BEDFORD. Bedford, Andrew // Money Marketing;12/12/2002, p28 

    Comments on the decisions of Great Britain's Financial Services Authority on the CP121 policy in relation to the manner by which independent financial advisers conduct their businesses. Issues dealt on the menu system for renumeration work; Benefits to be provided by the menu system to the...

  • It all ends in tiers. Stones, John // Money Marketing;1/24/2002, p46 

    Highlights the proposed scrapping of polarization by the British Financial Services Authority. Qualification for independent financial advisers; Levels of advice; Clients of independent financial consultants.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics