William Clarke

Chartered status not yet the preferred qualification

Demand for IFAs has been rising in recent months but recruitment consultants say the premium for gaining chartered status has yet to become fully established. Coast SRS consultant Karen Halliday reports that despite a subdued economy, volumes have remained high over the summer, usually considered a slow period.“The last year has been really busy considering […]

Royal London profits down 38%

Royal London’s pre-tax profit fell 38 per cent to £86m in the first half of the year, while new assets under administration on the Ascentric platform fell 21 per cent to £587m. The group’s interim results for the six months to 30 June, published last week, show pre-tax profits fell from £138m in the first […]

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Advisers support for FSCS excess charge

More than half of IFAs fear being unable to pay increasing FSCS levies while a similar number support the deduction of an excess from customers receiving FSCS compensation. A survey of 491 IFAs conducted by PanaceaIFA shows 54 per cent feel those receiving compensation from the FSCS should have an excess deducted to help with […]

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Axa Wealth International boosts offshore proposition after sales fall

Axa Wealth International has introduced a focused offshore sales and distribution division, following a drop in offshore sales in the first half of 2012. The division aims to provide advisers with an enhanced level of technical service. Axa will launch a telephone support service for offshore accounts and grow its offshore sales division. Axa’s offshore […]

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IP Taskforce says Govt simple product work is a ‘wake up call’

The Income Protection Task Force says the findings of the Treasury steering group on simple products are a “wake-up call” for the industry and has pledged to support the development of a simple income replacement product. The steering group, led by former FSA director and Lloyds Banking Group chief risk officer Carol Sergeant, reported its […]