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‘Aifa is defending small IFAs’

Small IFAs are scared of being “victimised” by the FSA and many feel Aifa is the only body looking out for their interests, says Kent-based RH Invest-ment Services.

Director Richard Hull says his firm has just joined Aifa after being impressed by its campaigning work on the retail distribution review.

Hull says: “The Personal Finance Society would norm-ally be the body sticking up for IFAs but because they have joined with the Chartered Insurance Institute, they have got a qualifications remit. It means that the only body that would normally stick up for us isn’t and Aifa fills that gap.”

Hull also says there are other forces at work at the core of the RDR. He says: “IFAs are scared. They are small firms and are scared of the FSA coming down on them but I think at the end of the day someone needs to say get a good body like Aifa to fight your fight.”


MM changes see advisers carry the can

It’s all change again on the multi-manager side this week as Marcus Brookes announced his departure from Gartmore to take a new role as head of Cazenove’s own range.

‘Where was Northern Rock’s white knight?’

Mortgage brokers have laid the blame over the Northern Rock mass panic on the Government, the FSA and the Bank of England for failing to be a white knight to the lender weeks ago.The Government said on Monday that it would guarantee all deposits held by Northern Rock customers in an attempt to stop the […]

Clinical aptitude

When we first heard what wrap platforms had to offer, they seemed too good to be true. One administration system with all the available tax wrappers, unfettered investment choice, performance analysis, fund research tools, discounted funds and more. Sadly, it was too good to be true.In this country, we are yet to see a wrap […]

Street life

Many people say that their career in financial services came about by chance and I am no exception.I left school 18. I was searching for a summer holiday job that paid well before going to university when I spotted an ad which said: “Do you want to earn £200 a week?”After three days of intensive […]


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