UK: FINANCIAL SERVICES FIRMS NEED VARIOUS CHANNELS
Article Abstract:
Financial services firms need a variety of distribution channels, according to a report by the Life Insurance Marketing & Research Association (Limra). Such channels should include brokers, direct mail, telephone, and Internet access. Internet services alone are insufficient and less effective than offering face-to-face advice, and should be used to add value rather than save money. According to the Limra executive director of research, George Strang, the decline in the cost of technology offers a great opportunity for companies to give customers fast advice and information access.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: Chancellor says financial services will benefit
Article Abstract:
Chancellor Gordon Brown believes that the UK financial services industry will gain the most from Europe-wide regulation. He says that reforms need to go ahead to make the European community more productive and more flexible and that the finalisation of the internal market, by 2004, will be to the advantage of the financial services industry in the UK. Brown is, however, opposed to competition being impeded by European directives.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: SOLICITORS SET TO UP FINANCIAL SERVICES WORK
Article Abstract:
The move by the Financial Services Authority to assume control of the regulation of financial advice give by members of the Law Society, will result in the lifting of the Society's restrictions on financial services work. Members are currently restricted to limiting financial services work to less than 5% of business. Independent financial advice is offered by 270 law companies in England and a further 550 in Scotland.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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