View more on these topics

AIFA squashes rumours of a merger with BIBA

The Association of Independent Financial Advisers has denied any talks of a merger with the British Insurance Brokers’ Association following press reports that the two bodies are in discussions.

Aifa deputy director general Fay Goddard says there have been no formal talks with Biba in relation to a takeover or merger.

She says: “We work closely with Biba on relevant industry issues, as we do with other trade bodies representing intermediaries, and will continue to do so.

“Aifa has enjoyed a very successful 12 months culminating in the publication of our Manifesto for Advice, which has received wide support across the industry. The reaction to our work on the retail distribution review and the Manifesto shows what can be achieved when the intermediary sector presents a united front to government and the regulator.

“We will continue to focus our efforts on influencing the regulatory agenda to achieve the best possible outcome for our members.”

Recommended

Flight’s new firm debuts with recovery fund

IFA champion and former Conservative Shadow Treasury chief secretary Howard Flight has set up a new investment company.Launched this week, Flight & Partners has been founded by Flight alongside investment banker Mark Warde-Norbury and former Ernst & Young Entrepreneurial Services marketing director Permjot Valia. Flight will chair the firm.Its first fund, the Flight & Partners […]

Pearl agrees three-week extension to Resolution deal with FSA

Pearl and the FSA have agreed on a revised timetable for the Resolution acquisition deal to be completed which extends the deadline by three weeks. The extension is to allow Pearl to finalise discussions with the FSA regardingthe timing of post-completion distributions of capital from the Resolution lifecompanies. If no further time is required then […]

Non-dom charge will cost Gov £2bn

A new study has calculated that Alistair Darling’s £30,000 flat rate charge for non-domiciled residents will cost the Government £2bn, more than twice the amount it was designed to raise.Darling’s new tax plans, announced in his pre-budget report in October, were expected to raise an additional £800m annually.But a study conducted by the Society of […]

Why your clients need some tough love

In any relationship that matters, professional or personal, you should be upfront with someone if you think they’re making a decision or doing something they might later regret. Being honest with someone and having their best interests at heart, however hard the message, is key to building trust in any relationship. So how does this […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment