Comments on: It makes my blood boil http://www.yellowtail.co.uk/blog/77/it-makes-my-blood-boil/ A Future without Compromise Tue, 13 Dec 2011 03:24:02 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Rob Simpson http://www.yellowtail.co.uk/blog/77/it-makes-my-blood-boil/comment-page-1/#comment-19369 Rob Simpson Wed, 18 Mar 2009 22:19:04 +0000 http://www.yellowtail.co.uk/blog/77/it-makes-my-blood-boil/#comment-19369 An interesting case but this should sort of practice should be less prevalent sice the introduction of Treating Customers Fairly rulesfrom the FSA where the ongoing review process between adviser and client should be established at outset. Every one of our clients is offered whatever review service was orginally agreed (monthly, quarterley etc) and is contacted to arrange this. It may be that this potential new client of your was offered the review service but never took it up. The FSA's Retail Distribution Review is likely to abolish initial commission on single premium investments and also ban indemnity commission on regular savings. This should be in place by December 2012 so expect a little more competition in the arena of fee based advice! An interesting case but this should sort of practice should be less prevalent sice the introduction of Treating Customers Fairly rulesfrom the FSA where the ongoing review process between adviser and client should be established at outset.

Every one of our clients is offered whatever review service was orginally agreed (monthly, quarterley etc) and is contacted to arrange this.

It may be that this potential new client of your was offered the review service but never took it up.

The FSA’s Retail Distribution Review is likely to abolish initial commission on single premium investments and also ban indemnity commission on regular savings. This should be in place by December 2012 so expect a little more competition in the arena of fee based advice!

]]>