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AITC welcomes treasury announcement

The AITC has welcomed the Treasurys view that regulation of investment trusts should remain in its current form following its consultation on the issue.

The consultation arose following a Treasury Select Committeee recommendation in its report on the split capital investment trust crisis published in February 2003. Since then the FSA has consulted on and made amendments to the listing rules and the conduct of business rules. The AITC has also introduced its own corporate governance code.

AITC director general Daniel Godfrey says: Investment trusts are robustly regulated investment vehicles and the listing rules, company law and tax law provide an effective regulatory framework which is flexible enough to adapt quickly to any new threats which might emerge.


Chadborn offering franchise scheme

IFA firm Chadborn Baker & Kearle is changing to a franchise-style business model. It is devolving ownership of the company’s three branches to local managers who will run the businesses under the Chadborn Baker & Kearle brand. CBK (Colchester), CBK (Nottingham) and CBK (Swansea) will operate autonomously within the wider CBK group. Principal Peter Chadborn […]

Playing a waiting game fails to pay off for homebuyers

Many homebuyers are delaying making a purchase in the hope that prices will fall, says Alliance & Leicester Mortgages. Twenty per cent of 2,000 buyers it questioned are playing a waiting game because they believe that houses are overpriced. But 71 per cent admitted that prices have risen while they have waited. According to A&L […]

Join forces to oppose rules on laundering

I have not written to a trade paper before but now I feel I have to. I would like to appeal to all advisers in the UK, whether IFAs, account-ants, lawyers, insurance brokers or any other form of adviser. What we need is a wholesale rejection of the chronic misapplication of money-laundering regulation being forced […]

Foster Denovo finalises board

New Tenet IFA Foster Denovo has finalised the manage-ment board that will work with executive chairman Keith Carby. Former Millfield national sales director managing partner Roger Brosch will manage the business on a day-to-day basis while sales manage-ment will be led by Nic Browne and Ray Mills. Director of partnership services Leigh Johnstone will lead […]

A modern horror story

Every day a quick scan of the news reveals some new horror that will change the lives of those involved forever – the unlucky accident on the way to work, a tragic illness that cuts a young life short or the holiday accident that leaves more than just a scar to cope with. We barely […]


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