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AITC to abandon TV advertising

The AITC will abandon TV advertising if it gets the go-ahead for another year of the “its” marketing campaign. Instead, the campaign will concentrate on other media, such as posters and newspapers, over a longer period of time.

Investment trust boards are currently consulting on the AITC&#39s proposals for an additional annual levy of 1.5 basis points of each trust&#39s assets, to cover an indefinite continuation of the campaign.

The AITC maintains it will not move forward unless its members are united. But it has not ruled out the possibility of ejecting members if a small minority refuse to agree with the majority&#39s proposals.

To convince its more sceptical members, the association says it is considering ring-fencing part of the levy to promote split-capital trusts. Split-caps have become the fastest growing part of the sector, accounting for more than 20 per cent of the investment trust industry.

The proposals come as year two of “its” campaign comes to an end, with the remaining posters due to be taken down over the next few weeks. Results of the campaign are due to be released next month.


Aifa&#39s decision trees help consumers to find an IFA

Aifa has drawn up its own decision trees to help consumers find an IFA. It believes polarisation has been complicated by the introduction of multi-ties for selling stakeholder. It says if the Government believes decision trees can help consumers decide on a stakeholder, then the concept should be used to help them find an IFA […]

Lighthouse beams in on Jag races

The Lighthouse Group is sponsoring two Jaguar racing cars in this year&#39s Aston Martin Owners Club&#39s Anglo-American Challenge Championship and the Intermarque Cham-pionship. As part of the sponsorship by the IFA firm, the Aston Martin championship will be renamed the Lighthouse Anglo-American Thoroughbred Championship. One E-type Jaguar will compete in this championship against several English […]

&#39Graduates&#39 galore

A recent communication from the MCCB referred to financial advisers who passed the elementary Certificate in Mortgage Advice and Practice (Cemap) / Mortgage Advice Qualification (Maq) as “graduates”. These two certificates are minimum benchmark qualifications certainly no higher than an A level. It is certainly disingenuous to those within or outside the industry who are […]

Mistaken basis for Government pension policy

“While financial advice can be valuable, it is not a necessary condition for all savings and investments that are suited to people&#39s individual needs and circumstances. For example, Catmarked products and stakeholder pensions are products whose standards mean that investors should be able to get a good deal without needing to pay for financial advice.” […]


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