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Claret and low fidelity

Posted in Articles — Fri, 22/07/2011 - 11:38 — Anonymous

Emergency Biscuits

Mutterings into their claret this week as the Treasury Select Committee’s suggestion to delay the RDR are immediately knocked back by the FSA. “The Treasury Select Committee deprecate the Authority’s action” which I think is as close to swearing and word play as Westminster gets. I suspect egos will keep this ball in the air for a while yet.

In the interim, what are advisers and providers to do? I think there’s a lot to be learnt from the newer wrap providers here.

A Commie response to due diligence peddling

Posted in Articles — Fri, 15/07/2011 - 12:24 — Anonymous

Holly Mackay

Due diligence fever has been sweeping the platform world. My response is to wonder if I am turning into a Communist, or even a Trot? Let me explain.......

In a week where global news highlights how corporate structures and ultimately desire to turn the biggest profit brings out the worst in people, in our much less sinister financial services world, I see signs of overcomplicating things perhaps for the good of the bottom line ahead of the customer.

Now here, I'm chastising people like me, not IFAs.

You can re-think the 75bps??

Posted in Articles — Tue, 05/07/2011 - 11:09 — Anonymous

Holly Mackay

Tough start to the week in Monaco, Europe’s different take on Silicon Valley, for Funds Forum. Some interesting ideas raised included a question on whether I thought we would one day see platforms pay clients to effectively bring their data and assets to them. I think we’re a way off that but I can see a model where any platform charge is negligible in an environment where tax wrappers and asset management can be sold.