View more on these topics

Aifa aids firms on RDR transition

The Association of Independent Financial Advisers has launched the first phase of its business transition programme.

The online business academy, developed by Aifa and Skandia, will help IFA firms meet the requirements of the retail distribution review.

The first phase provides a tool that poses a series of questions to members on subjects ranging from business strategy through to client segmentation and servicing, which will then generate an action plan.

The tool, which is free for Aifa members, is intended to assist businesses in assessing their current status and mapping a strategy to meet RDR requirements.

Aifa director general Chris Cummings says: “Every firm now needs to review its business model and operations to ensure that it uses the period between now and the end of 2012 to make any changes necessary.

“Change will not happen quickly. The process should not be underestimated and for some it will take years to complete. We believe that the tools we are providing can be of enormous benefit to our members in meeting the challenge.”

Paladin Financial Services managing director Tim Purdon says: “Any of these tools that help IFAs adjust their business models ahead of the RDR are useful.

“A lot of IFAs are used to operating a commission model and, at the end of the day, all IFAs have to change the way they operate and will need help doing that.”


Libor drops below 1%

Three month Sterling Libor rates have dropped down below 1 per cent for the first time in history.

Natural selection

The recent release of worse than expected first-quarter1 GDP data vindicates our cautious views on the economy – we expect UK GDP to contract by 3.5 per cent this year. Significant further deleveraging is required on the part of consumers and businesses.

Benefits - thumbnail

Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.


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