370 candidates have completed the exam requirement for the Advanced Financial Planning Certificate, the Chartered Insurance Institute has announced. 67 qualified as associates (ASFA) and 16 as fellows (FSFA).
Qualifications director Lucy Courtenay says: “This is excellent news and shows that advisers want to be seen as professionals by demonstrating levels of commitment above the regulatory minimum standard.”
Childhood illness and disability is a very emotive issue. All of us would rather not think about what could happen and parents rarely want to plan for the consequences of something happening for fear of somehow making it more likely to occur. However the impact of a child being diagnosed with a critical illness would […]
Product providers say they face a wait of up to 20 years before breaking even on the new stakeholder products despite the 0.5 per cent rise in the price cap. Scottish Widows says under 1 per cent it would have taken 12-15 years to make a profit, dropping to eight to nine years for 1.5 […]
Failure to offer mortgages and protection products to women who work part-time or are pregnant could result in prosecution under sex discrimination legislation warns the Equal Opportunities Commission. Speaking exclusively to Money Marketing, EOC chief executive Caroline Slocock said the organisation would give backing to claims if providers distribute products in a way that discriminates […]
Are the comments of Bank of England Governor Mervyn King equal to a 25-basis-point rise in interest rates? Several commentators suggest that two rises of 0.25 per cent over a period of months have had much less psychological impact than one of 0.5 per cent. One says the property boom requires a much bigger rise […]
The Government is introducing legislation in the Pension Schemes Bill to protect people saving for retirement through master trusts. This follows industry concerns on the risks to members of a master trust failing. In this article, we consider the changes being introduced, why they are needed and their likely effect. What are the changes? The […]
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Sign up The Liberal Democrats have stepped up their campaign for state pension equality, asking new pensions secretary Amber Rudd to address the reasons why women face lower pensions than men. The party has again called for progress on helping women born in the 1950s hit with state pension age rises, a cause popularised by the Women […]
The Pensions and Lifetime Savings Association has announced it is one of 33 new signatories that has signed up to HM Treasury’s Women in Finance Charter today. This has pushed up the number of firms that have joined the initiative to improve gender diversity within financial services to 300. These range from global banks to […]
Private Finance has concluded that a borrower on an average standard variable rate could save over £4,500 a year by switching to a two-year fixed rate deal. The mortgage broker says, in total, borrowers pay £15.4bn a year in SVR interest, with the typical rate on a 75 per cent LTV loan being 4.39 per […]
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