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&#39Treasury must recognise IFA role&#39

Aifa wants the Treasury to recognise that IFAs are at the “sharp end of

ascertaining and meeting the financial needs of individuals” as part of its

response to the consultation paper, Savings and Assets for All, including

the Government&#39s baby bond or children&#39s trust fund. Aifa highlights the

need for people to get advice on the CTFs but says those giving basic

advice on CTFs will not need to be fully qualified IFAs as long as they

have access to such advisers and there are appropriate controls in place.

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Michael Hawkins, 55, has stepped down as mana-ging director of nationalIFA RJ Temple and will now be responsible for taking the firm to flotationon Aim next year. RJ Temple says Hawkins, who had been joint MD from 1992to 1995 and sole MD since then, will not be replaced and chairman GeoffreyMorphitis will step in when […]

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MyMoneyAdviser.co.uk, launched by Ann-Marie Martyn, the former chiefexecutive of IFA Promotion, is in my opinion by far the most useful websiteservice for IFAs. It is designed to help them make money. Over the past few weeks, Martyn has met more than 400 IFAs who areinterested in starting a website or improving their existing one. The […]

PIA suspends two IFA firms

The PIA has suspended IFA Vital Financial Services of PO Box 4012, Byron House, 10-12 Kennedy Street, Manchester from soliciting or conducting investment business because it is unable to meet the regulator&#39s financial services requirements. G.T. Mortgage Services of Sinfin District Centre, Arleston Lane, Sinfin, Derby has also been suspended by the PIA because it […]

Ban on past performance unlikely, says Farnish

The use of past performance in financial ads is unlikely to face anall-out ban by the FSA, according to the head of its task force examiningthe issue. Consumer director Christine Farnish told BBC Radio 4&#39s Inside Money last week that banning use of past performance would be seen “by most people as avery ext- reme […]

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