View more on these topics

&#39Hairbrained&#39 plan for training

A plan by the Training Standards Council which could see hairdressersand chefs become IFAs has received widespread condemnation.

The unlikely scenario is one consequence of moves to put all publicly funded qualifications into a single NVQ framework. Any vocational qualification would be eligible to be included in the framework.

The move would allow credits obtained in one profession to be used to gain accreditation in another. The plan is part of the FSA&#39s drive to raisethe standard of exams for IFAs. There will be three levels within the NVQ framework. It also aims to increase transferability between jobs.

FSA head of training David Jackman says: “There will be a system of credits for hairdressers who want to become IFAs.”

London restaurateur Stefano Francioso, a managing partner at Linda&#39s restaurant in Soho, and a former fellow of the Chartered Institute of Marketing says: “How can the syllabuses possibly relate? I don&#39t see that the skills are transferable. I could not let an IFA in my kitchen as I would have to teach him everything.”

London hairdresser Staffords Project II Stylists manager Mark Smith says: “I don&#39t think professions are transferable. That&#39s rubbish. I would not let an IFA cut hair in my salon any more than I would let a butcher.”


Flexibility is buzzword for IPAs

At the time of release of the latest consultation document on the Individual Pension Account, I was in the land of the 401(k) queuing for the Buzz Lightyear ride in Disney&#39s Magic Kingdom. I was subjected to some spectacular spinning before leaving more than a little disorientated. The Buzz Lightyear ride had its moments, too.The […]

BUPA International signs deal with Zurich International

BUPA International and Zurich International have announced a deal which will give customers of both companies access to a range of health and life products. Both companies deal extensively through IFAs. BUPA says it does 70 per cent of its business in the UK through IFAs. The agreement will see the establishment of a one-stop […]

MCCB&#39s move to jettison bad IFAs

The Mortgage Code Compliance Board is gearing up to weed out bad mortgage intermediaries from the good by introducing “fit and proper standards”.The initiative has been met with relief from IFAs who say they welcome any move to give the industry a more professional image and stamp out bad practice. The MCCB proposes the first […]

C&G to rise interest rates on investment products

Former building society Cheltenham & Gloucester is hiking the interest rates it pays on its investment accounts. The C&G Cash and Tessa Isa rate is being reduced to 6.75 per cent from 7 per cent a year. Its Direct Transfer telephone account will pay 6.10 per cent a year when £25,000 or more is invested, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm