View more on these topics

Brokers concerned over TCF, says Adviser Matrix

Adviser Matrix, a free research service for brokers, believes advisers are considering joining networks due to their concerns and lack of confidence in their ability to meet regulatory requirements of the Financial Services Authority.

Paul Fryers, managing director of Adviser Matrix, says: Our dealings with advisers put us in a position to pick up on trends in their attitudes.

“Recently we have noticed that although advisers know they are doing a good job for their clients, they are nervous about whether they could demonstrate they are meeting the FSAs Treating Customers Fairly principle if the regulator arrived unannounced at their offices.

“In many instances, this is the primary reason an adviser has contacted us about helping them research the network solutions that may be available to them.

He adds: “Furthermore, we have now seen that the FSA is increasing its enforcement activities with a number of fines levied and outright closure of some firms. Its no surprise that a number of networks are reporting increased levels of advisers wishing to join or investigate a network offering, although this can be a very time intensive undertaking.

Recommended

AXA increases age limit on life cover to 85

AXA has increased the age limit on its life cover policy from 70 to 85 to reflect the fact that the population is living longer than ever before.

John Charcol seeks more advisers

John Charcol last week revealed that despite the market downturn and many brokers shutting up shop it is looking to recruit advisers.

FSA bans fraudulent mortgage broker

The Financial Services Authority has banned Leo Kusi-Appiah, who traded as Oxford House Financial Services in North London, for submitting fraudulent mortgage applications in his own name, his wife’s, and a fictitious person called Kwadjo Amoteng.

India rate cut – more to come?

Kunal Desai, Head of Indian Equities at Neptune Investment Management India’s stockmarket rallied this week following news that the central bank was cutting interest rates more aggressively than expected. Commenting on the rate cuts and what this means for India’s economic growth, Kunal Desai notes that there were two important details in the announcement that have […]

Newsletter

News and expert analysis straight to your inbox

Sign up