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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Almary Green, the advice firm led by industry veteran Carl Lamb, is in sale talks with Smith and Pinching Financial Services, Money Marketing understands. One source tells Money Marketing Almary Green staff have visited the Smith and Pinching offices, and that there have been discussions around a merged firm being floated on AIM. The Norwich-based […]
A weekly account of the curious goings-on in the world of financial services Locked out While WSJ correspondents were kept very busy at Money Marketing Interactive in Harrogate last week, there was still plenty of time spent in the bar with industry friends. So came about the story of Aegon director of new business, Martin […]
The FCA is analysing information from 40 firms about their adviser recruitment processes and what quality checks are in place on the advice they give. Earlier this year, Money Marketing revealed that the FCA sent letters to a sample of firms asking about training, competence and hiring records for staff. A Freedom of Information Act request […]