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Auditor report move will cost up to £2,500

FSA proposals to improve the quality of auditors’ reports on client assets are set to cost regulated firms between £280 and £2,500 a year.

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Real story behind the statistics

Statistics in isolation can be very misleading but when linked together are most revealing, as follows:1: 2 per cent of complaints come from clients of IFAs (61 per cent from clients of banks) 2: About 45 per cent of IFAs either make a loss or a profit of less than 5 per cent of turnover […]

Keep CTF systems so parents can carry on saving

Shadow Treasury minister David Hanson is calling for the coalition Government to retain the IT systems that enable parents to save for their children through child trust funds. At a fringe event on young people and saving at the Labour conference, Hanson criticised the coalition for abolishing the Government contribution to CTFs. He said: “One […]

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Tenet gains CII accreditation to mark exams

Tenet has been granted prior learning accreditation with the Chartered Insurance Institute allowing the company to develop, administer and mark an alternative to the CII’s JO5 exam module. The alternative module gains credits towards the CII’s diploma in financial planning. Tenet advisers will receive tailored course and study materials, and will be able to sit […]

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95% Of staff want advice on retirement

Scottish Widows says 95 per cent of employees would like either financial advice or general information on their retirement savings options. The latest workplace pension report from Scottish Widows show this percentage has increased from 76 per cent in 2009. The research also highlights the very low levels of long-term savings among the under 30s […]

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