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AITC in bid to put investment trusts firmly on exam syllabus

The Association of Investment Trust Companies is starting a campaign to raise the profile of investment trusts in industry exams.

It is in negotiations with exam-setters such as the Chartered Insurance Institute and the Securities Institute.

The AITC is concerned that many advisers are qualified in several sectors but are advising on investment trusts with no knowledge of the sector.

Last week, the Financial Services Skills Council set up its pilot scheme testing the application of technical skills in the workplace as part of a wide-ranging review of qualifications in financial services.

AITC director of education and sales training Geoff Procter claims that the feedback has been positive. He says: “We have told everyone that we are willing to help and can provide them with all the information that they need.

“It is very important that people who are selling financial products are aware of precisely what investment trusts are and how they work.”


Timms returns as Financial Secretary

East Hammersmith MP Stephen Timms is returning as Treasury Financial Secretary in place of Ruth Kelly. Timms held the role from 1999 to 2001, assu-ming responsibility for banking, financial services and insurance. He oversaw the introduction of the 1 per cent cap on pensions and regulation of the long-term care sector but refused to change […]

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&#39CML is out of touch with mortgage brokers&#39

The Council of Mortgage Lenders lacks understanding of mortgage intermediaries, says a broker at London adviser Alexander Hall. Alexander Hall chief operating officer Andy Pratt accuses the CML of failing to understand the role of the intermediary, accusing it of focusing on lenders and consumers without considering distribution. Pratt says the CML has been disappointing […]


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