|
|
| About site: Financial Services/Associations - IFAs Are OK |
Return to Business
|
| About site: http://www.ifasok.co.uk/ |
Title: Financial Services/Associations - IFAs Are OK Working to improve the working lives of Independent Financial Advisers through promotion and representation.
|
|
|
|
|
International_Society_of_Financiers,_Inc All about lenders, brokers, and borrowers and how to join. [more]
| Securities_Industry_and_Financial_Markets_Association_(SIFMA) Provides news, education, publications, industry alerts, surveys, and reference material for investors and financial securities professionals. [more]
| DITF__Institute_for_Textile_and_Fiber_Research_Denkendorf Germany. Portal to the institutes of textile technology and process engineering, and textile chemistry and chemical fibers. English and German. [more]
| ITCF__Institute_for_Textile_Chemistry_and_Chemical_Fibers_Denkendorf Germany. Government funded institute for fundamental and applied research, and technology transfer in the field of fibers and textiles with regard to manufacturing, modification, characterization and [more]
| Acro_Building_Systems,_Inc_ Supplier of roofing industry tools and equipment including fixed and adjustable roofing brackets, asphalt tools, spud and scraper bars, and scaffold brackets. [more]
| AmicaTech Provides custom tools and equipment such as ground rod drivers and electrical wire cart caddys . [more]
|
|
| Alexa statistic for http://www.ifasok.co.uk/ |
|
| Related sites for http://www.ifasok.co.uk/ |
| Aztec_Products_Inc Manufactures high speed propane floor buffing and floor stripping equipment for floor contractors. | | B_A_M__Inc Manufacturer of profiled carbide inserts, that are mechanically locked into a cutter head for shaping mouldings, window and door trims, and cabinet doors. | | Barwalt_Tool_Company Manufactures and distributes ceramic installation tools including grout floats, beating blocks and knee pads. Includes a comprehensive online catalog. | | Big_Rock_Supply Offers hand tools and on deck products for the professional roofer. Includes product overviews and online ordering. | | Buck_&_Hickman_Ltd Distributor and exporter of industrial hand and power tools and supplies. Includes overviews of product range and services. | | Buckfast_Tools_Ltd UK based supplier of tools and equipment from a range of manufacturers including hand, power and cutting tools, micrometers and gauges. | | CDI_Torque_Products Manufacturer of torque click type and dial torque wrenches, torque calibration equipment, torque testing equipment, torque screwdrivers, and torque multipliers. | | Crain_Tools Installation tools for carpet vinyl and laminate floors such as non-buckling seam tape, heat bond irons, and knee kickers. Includes a listing of distributors. | | Danyang_NYCL_Tools_Manufacturing_Co_,Ltd Manufactures a full range of power tools, hand tools, tool accessories, and diamond products for working professionals, contractors and DIY consumers. | | DeFusco_Industrial_Supply Represent a range of manufacturers and offer a wide selection of hand and power tools for contractors. Includes product catalog, online shopping, and employment opportunities. | | DeWalt_Inc_ Manufacturer of heavy duty power tools and tool accessories. | | E__Honauer_Ag_ Produce engineer's files, precision files, needle files and tools. Includes a picture gallery and online catalog. In English and German. | | Eison_Industrial_Sales_Inc_ Wholesale distributor of industrial supplies including drill bits, abrasives, grinders, safety equipment, welding supplies, and paints. | | Enco Distributor of brand name hand, air and power tools. | | Equipment_Land Resource site for tools and equipment for the contractor and homeowner. | | Greenlee_Textron Suppliers of cable installation and contractors tools, test instruments, conduit benders, and knockout punches. Includes a knowledge centre and distributor search facility. | | Hisco Manufacturer of digging, striking and roofing tools designed specifically for the professional with a detailed catalog available online. | | HSF_Inc_ Taiwanese brush and broom manufacturer, bathroom and toilet, snow scraper and filter brush. | | Industrial_Tool_Products_Inc_ Offer industrial tool and hoist sales, rental and installation; along with repair, maintenance, testing and turnkey assembly line engineering and torque applications. | | Jim_and_Slim\'s_Tool_Supply Supplier of name brand professional tools and fasteners for the construction professionals. Online store for purchasing tools and fasteners . | | M__Krøger_A/S Specializing in the development and production of caulking guns. | | Makita_Power_Tools Corporate site containing product information and specifications. | | Mid_Iowa_Tools Industrial tool distributor serving Iowa and Western Illinois. | | Modern_Carpet_Tools_Ltd Manufacture power stretcher adaptor tools and seamless tape for use by professional carpet installers. | | Moody_Tools_Inc_ Provides miniature hand tools and tool sets including screwdrivers, socket sets, adapters, blades, wrenches, scribers, pin vises, and pick sets for the machinist and field technician. | | National_Supply_Source Industrial distributor for cutting and precision tools, machinery, shop supplies and material handling products. Includes an online buying facility. | | P_C_Cox_Ltd Manufacturers of hand-held sealant and adhesive caulking applicators. | | Region_Suppliers_Pte_Ltd Precision measuring instruments for dimensional measurements in both contact or non-contact areas. | | Ruey_Fen_Industrial Manufacturer and designer of various screwdrivers and other tool kits. | | Santo_DIY_Tools_&_Hardware_Co_,_Ltd_, Supply a range of hand and power tools. Includes product listings by type. | | Sinwinco_Engineering Manufacturer of butt fusion machine and fans. Malaysia. | | Steritool Manufactures stainless steel hand tools for use in sterile and critical environments. | | Stringliner_Company Manufacturer of line reels for the experienced contractor or the do-it-yourself handy man. | | Thread_Check_Inc Full service gage company offering precision gages, patented 3-wire thread measuring systems and thread engineering software. | | ToolBarn_com,_Inc_ Supplier of air, power, cordless and hand tools for the contractor or home improvement market. | | ToolMaster_Technologies,_Inc Manufacture custom built tool and equipment trailers for field work. Includes product features and photographs . | | Tung_Chieh_Industries_Co_,_Ltd_ Manufacture tool boxes and mobile storage cabinets, parts washers, and concrete mixers. | | U_S_Tape A domestic manufacturer of measuring tapes, tape measures and other specialty measuring devices. | | Walton_Company Manufacturer of tap extractors, tap extensions, pipe and stud extractors for the automotive, mechanical and plumbing industries. | | Wekador German manufacturer of high-grade titanium nitride coating alloy steel master bits. |
|
This is businessgiftdepot.com cache of m/ as retrieved on 2008.08.21 businessgiftdepot.com's cache is the snapshot that we took of the page as we crawled the web. The page may have changed since that time.
|
IFAs OK - Independent Financial Advisers - Endowment Compensation?
IFAs
Are OK
                 
Home http://www.qualifying-recognised-overseas-pension-scheme.com
Dear Mr Kenmir - Re: LAUTRO 'assumed expenses'
Dear Lord Falconer - Re:
Unnatural Justice
Important legal case HERE
Responses
to ABI Commission Consultation Document From REAL people to UNREAL people
Search for an IFA click HERE
(READ IT CAREFULLY)
Opinion of Anthony Speaight QC:
"There are growing concerns that the pendulum of consumer protection has
swung too far in the case of the Financial Ombudsman Service and small
independent financial advisers. The FOS appears regularly to be exercising its
discretion to adjudicate upon claims against small IFAs up to its maximum
theoretical jurisdiction of £100,000. There is rarely an oral hearing. And
there are good reasons to believe that sometimes FOS makes substantial awards in
cases which would be rejected by the courts. On other occasions compensation
seems to be calculated in a more generous manner than a court would assess
damages. By reason of very large excesses and other insurance shortcomings some
such IFAs have no insurance which responds. There is no appeal on the merits.
Such a system would be tolerable if the maximum award were modest –
say £5,000 (which is the maximum summary compensation under the legal
professions’ schemes for "inadequate professional service"). It
would also be tolerable if, as is the case with the summary system of
adjudication in the construction industry under the Housing Grants Construction
and Regeneration Act 1996, there could be a complete rehearing before a court.
And it might even be tolerable if it were applied only against very large
companies.
But an unappealable, compulsory, summary jurisdiction against small traders
making awards as great as £100,000 is, in my view, both wrong in principle and
producing injustice in practice."
(No providers will be hurt in the
making of this movie, in fact they can join the cast.)
YES! We agree with this legal
expert HERE
Did you know? - Commission costs an average of 3%
within investment business, compliance costs 9%... is the FSA adding value?
Considering it costs investors three times more than the IFA distribution
channel any sane person would come to the conclusion that regulatory
interference is counter productive.
Have the product providers mistakenly decided that
IFAs are extinct? That they are a 'dead parrot' and that multi-ties are the way
forward despite the fact that they couldn't make one-on-one tied agents pay? Why
is that? Why are they so short-sighted? Look at the feeding frenzy surrounding
estate agents, look at all those fruitless attempts to secure distribution using
massive handouts to ARs and the 'protection' debacle. It will all end in tears
yet again and what did the regulators do? Nothing, quite simply nothing.
Legal & General Tribunal Verdict HERE
The Regulatory Disciplinary Council (RDC) was chastised by the 'independent'
FSMA Tribunal.
It appears they were too eager to impose too heavy a fine on the provider,
the Tribunal has concluded that the fine imposed was too big and their
procedures were flawed.
Just another example of the RDC acting as 'whipping boy' for the egos at the
FSA and the Treasury.
Is the RDC keen to increase the fines because of the 'black hole' in the FSA
pension scheme? It is the easy way to fill the coffers! Just look at the Shell
'fine', the poor shareholders feel the pain of regulatory excess once again. How
much did L&G spend on defending this case?
Dear Regulators - Look before you leap and expect
more challenges to your bully boy tactics.
Complaint to Callum McCarthy - FSA
Complaint to Walter Merricks - FOS
There but for the Grace of God, goes God.
Power tends to corrupt; absolute power corrupts absolutely An
observation that a person's sense of morality lessens as his or her power
increases. The statement was made by Lord Acton, a British historian of the late
nineteenth and early twentieth centuries.
Arrogance: Making undue claims in an overbearing manner; that species
of pride which consists in exorbitant claims of rank, dignity, estimation, or
power, or which exalts the worth or importance of the person to an undue degree;
proud contempt of others; lordliness; haughtiness; self-assumption; presumption.
Haughty: Proud and disdainful, like a waiter or a Civil Servant?
Nepotism: Lord Falconer will risk a breach with senior members of the
judiciary today (12/01/05) when he appoints his close friend and former
pupilmaster as president of the high court's family division. England's top four
judges are said to be opposed to Sir Mark Potter's appointment to the senior
post. This Government is rife with favouritism.
RATS deserting a sinking ship? TWO senior FSA personnel leaving so far in
2005, David Severn is off to AIFA (no longer interested IFAs?) and Andrew
Procter is sailing away with Deutsche Bank. No doubt there is a conveyor belt
producing suitable replacements somewhere. Probably around the corner at
Clifford Chance....
IS
LAW LAWFUL? Under the Freedom of Information Act the IFA Defence Union asks
for sight of counsel's opinion used to support Gordon Brown's declaration that
the Financial Services and Markets Act is compatible with the Human Rights Act
1998
David Severn was the driving force behind
January 2002's CP121
which proposed that all independent advisers be compelled to charge fees.
A
watchdog that looks more like a pet peke FSA and the splits ...
Financial Times - London,England,UK ... Callum McCarthy, the chairman, told a
parliamentary committee in the summer it believed it had uncovered
"collusion on a very substantial scale. The
problem with demanding an amount of money based on the situation two years ago
(or even two months ago!) is that prices can go up as well as down, this is
something the media, the regulators and Government ministers do NOT understand.
Malfeasance, noun: evil-doing, wrong-doing
(rare); an illegal deed, especially by an official (law). The IFA Defence Union
have 'project alpha' underway, this will charge certain Directors and Officers
of the regulators with malfeasance. (Going to work somewhere else is no escape!)
Misconduct in Public Office, doing nothing to
right a wrong is equal to doing something wrong. Many regulatory staff are
guilty of this, the IFA Defence Union is tracking down all the perpetrators
going back to 1987.
New
rules could end independent advice ?? To date we have had Legal &
General, Barclays and now Nick Bamford predicting the death of the IFA. The
demise of IFAs has been on the 'wish list' of insurers, banks and building
societies since 1988 but all we have seen is a steady decline in the total
number of advisers with an ever increasing market share being taken by IFAs. The
problem now is that we have a Government and a regulator hell bent on removing
independent advice from the market, but many IFAs now feel that the end is nigh
for the crackpots at the Treasury and their puppets at the FSA.
The big issue here is: How many providers will
still be in the market in two years time? How many IFAs will still be trading in
two years time? Does the regulator care? The regulator will only start to worry
when there are SIX authorised firms left, there won't be many 'fish in
the barrel' to shoot by the time they are finished, they think..
Falconer
call to end claims culture: A Department for Constitutional Affairs
spokesman said: "This is a complex and controversial issue where the
Government cannot provide all the solutions". OH YES IT CAN!! Here
are the simple solutions:
Follow the lead of our
astute Irish neighbours who require claimants to sign an affidavit.
Penalise those who
tell lies.
Restore some burden of
proof to the complainant.
Charge the complainant
a fee that is refundable if successful.
Simple solutions?
Of course they are but why can't they be implemented? Why is this so painful?
KEEPING THINGS OFF THE BALANCE
SHEET!: Keeping Network Rail off the balance sheet by calling it a
'public company' (of course it is Gordon) is not even barely credible. How about
moving 500 people from the Bank of England, 300 from the Treasury, 500 from the
DTI and more than a few really expensive jobs from GAD, yes let's stick them in
something that isn't on the balance sheet because it is 'independent' of
Government (a likely story!)... where shall we bury this cost? I KNOW, let's
send them all to the FSA so that the FS industry can foot the wages bill and the
pensions entitlement, they may even get a hefty pay rise.. what a wheeze!!
And nobody noticed.
ENDOWMENT SHORTFALLS, WHERE ARE
THEY?: A Scottish Amicable (now Prudential) policy was projecting a
shortfall right up to the maturity date despite the fact that the annual bonus
statement showed a GUARANTEED minimum payment in excess of the mortgage amount
of £15,000, it matured at over £23,000!!! See the documents HERE
and see the IFA's comments HERE,
and there's MORE see a Guardian maturity HERE.
Where are the ACTUAL shortfalls? If they relate to policies sold between April
1988 and January 1995 the regulator is responsible. Tell the Treasury Select
Committee, the Consumers' Association (How many consumers DO they represent?),
the FSA, The FOS, the FSCS and the darlings in media.
GUILTY: IFAs are being
found guilty of 'crimes' they did not commit by a quasi-judicial system that
often makes determinations that are not even within its jurisdiction, all this
without a fully independent fair trial. If this is not in breach of any EU laws
or fundamental rights I fear for the future of all EU citizens. To deny even one
person’s basic rights is not only unjust but also threatens our own rights.
Comparisons to the rise of the Nazis might be exaggerated but there is a genuine
threat to democracy involved in removing rights on which it is based. So it is
worth remembering the words of Pastor Martin Neimoeller – a survivor of Dachau
concentration camp; “They came for the Jews. I was not a Jew. So I said
nothing. Then they came for the Catholics. I was not a Catholic. So I said
nothing. Then for the trade unionists and industrialists. I was neither. So I
said nothing. Then they came for me - and there was no-one left to say anything.”
STATING THE OBVIOUS:
Since 1997 the savings culture that was nurtured by IFAs has hit the buffers, a
large proportion of the 'new' pension contributions have been transfers from
PPPs to 'Stakeholder Friendly' contracts. Evidence HERE
and HERE
BAD NEWS: 60% of small
IFAs have vanished since 2001 and 80% of those still in business August 2004
will be forced out by the end of 2005. Nobody cares, not even the life offices
who grew fat on the back of the IFA's efforts and then threw it all away. The
Government don't care, the FSA don't care and the banks certainly won't weep.
Collusion? Possibly...
VERY BAD NEWS: Sole
Proprietor and Partnership IFAs are being hounded in retirement and on their
sick beds by a system that is neither fair nor workable. Invariably the real
problem is that the products could not possibly 'do what it said on the tin'
because the premiums were set using fictitious charges between 1988 and 1995,
all thanks to the FSA (was SIB and LAUTRO). This applies to Mortgage Endowments,
Pensions Transfers, Free Standing Additional Contributions (FSAVCs) and SERPS
'Appropriate Pension Plans' or 'Contracting Out'.
SURPRISED?: Not really,
the majority of UK regulated firms believe the regulators are incompetent. Many
large City institutions including those based overseas want better quality staff
do deal with, wasting time and getting facts mixed up with fiction is a major
issue.
MORE BAD NEWS FOR THE
REGULATORS: A group of major IFAs and networks is being formed with a
view to a desperate push for reform of this monstrous piece of legislation, if
anyone is interested please make contact with The IFA Defence Union www.ifadu.co.uk
ENVIRONMENTALLY FRIENDLY
REGULATIONS?: Not likely, insurance brokers are using FIVE times as much
paper as they used to before the IMD was 'gold plated' by our beloved regulator.
Who benefits? Not the trees, not the brokers, not the consumer but the FSA have
more staff!! A massive job creation scheme!
Endowments - The Facts HERE.
Letter to Merricks HERE
IFASOK is the place to find information relevant to
IFAs.
Treasury Select Committee (Selected by who?)
Groucho Marx had the whole thing figured out :- "Politics is the art of
looking for trouble, finding it everywhere, diagnosing it incorrectly and
applying the wrong remedies."
NOT the FSA HERE -
Bullies receive a good smacking
Burn
it Down An article by Eric Bettelheim of Mischon
de Reya HERE
This was a tongue in cheek 'solution' to the ills of what was once one of the
finest FS industries in the World. There is another way.
BBC MONEYBOX
Reporting of FOS/FSA matters is Biased, a submission by Alasdair Sampson who is
a spokesman for the Adviser Defence Union (www.ifadu.co.uk) was not used because
he insisted that his contribution should be given a balanced and accurate
presentation. BBC response HERE
NANNY STATE MAKES ANOTHER NUISANCE CALL HERE
ABSOLUTELY TRUE!!! HERE
TELL YOUR MP!!
Does this ring any bells? HERE
Professional Indemnity
Insurance 2003 HERE
Which?
Consumers Association Endowment Claims
Complaints
TAXPAYERS
face a £100 billion bill The sums don't add up!
IFAs ARE OK AFTER ALL!
HERE!
AND HERE!
When you consider that IFAs have had over 50% of
the market for many years this is pretty damning evidence supporting the need to
maintain and even PROMOTE polarisation rather than pander to the lobbying of the
loudest banks and direct sales channels. Wasn't Howard Davies an accountant for
Richard Branson???
State-run
final salary scheme to shut
The Graduate - Careers
Advice
Government pushes generic pensions advice as 'IFAs
deter saving'
"The Government has blamed independent financial
advisers rather than individuals for the lack of personal savings motivation, by
suggesting the "huge" cost of advice and the previous mis-selling
scandal all deter people from putting money aside."
____________________________________
Passing the buck is easy
'Reasons Why' There is a 'savings gap'
The main reasons are:
Lack of Regulatory Proportionality.
Retrospective legislation.
Retrospective taxation of pensions.
Madness of the 1% world, there is insufficient
margin to reward companies and advisers.
Abject failure to admit that people are
'persuaded' to save. Most don't save voluntarily.
The decimation of salespeople through a
combination of the above.
REAL Solutions to the problem
These are simply:
Bring in Regulatory Proportionality.
Remove Retrospective legislation.
Remove Retrospective taxation of pensions.
Remove the madness of the 1% world, ensure there
is sufficient margin to reward companies and advisers.
Admit that people are 'persuaded' to save.
Bring back the armies of salespeople through a
combination of the above.
UNREAL Solutions to the problem
These are simply:
Compulsion will lose votes.
The FSA website won't persuade people to save.
A piece of software won't persuade people to
save.
Making products 'cheap' won't persuade people to
save.
Wasting millions on review after review won't
solve anything.
Advice must be paid for, or there won't be anyone
left to persuade people to save.
The IFA world as we know it, SCORCHED EARTH!
evan.owen@ifasok.co.uk
The Original FSA
Endowment Problems? Simply
the best www.saverjustice.com
Say NO to
0870 and 0845 numbers
IFASOK is on the
case.
|
|
| |
Working | to | improve | the | working | lives | of | Independent | Financial | Advisers | through | promotion | and | representation. |
|
http://www.ifasok.co.uk/
IFAs Are OK 2008 August
dvd rental
dvd
Working to improve the working lives of Independent Financial Advisers through promotion and representation.
Rules
|
© 2005 Internet Explorer 5+ or Netscape 6+
|
|
Recommended Sites: 1.
Arts -
Business -
Computers -
Games -
Health -
Home -
Kids and Teens -
News -
Recreation -
Reference -
Regional -
Science -
Shopping -
Society -
Sports -
World
Miss Gallery
- Top Anime Hentai
- DVD rental by mail
- Remortgages - Mortgage Calculator - Car Insurance - Free Ringtones - Webmaster forum
|
