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BMA drops Wesleyan multi-tie for an IFA

The BMA’s 135,000 doctor and medical student members will have access to AWD under the brand of BMA Services.

The three-year relationship with Wesleyan hit difficulties in February when it failed to tell BMA members it would no longer be offering whole- of- market advice in its selec-ted range. Wesleyan caused a furore when it claimed it could not call itself independent because it did not charge fees but did not mention it no longer offers whole-of- market advice.

Wesleyan concedes there was some confusion during the changes post-depolarisation but maintains it has more experience dealing with medical professionals than competitors.

AWD will be offering advice on pensions, investments, income protection, life insurance, mortgages and inheritance tax planning.

AWD marketing director Graham Hooper says: “Our advisers are fully qualified to deal with BMA members’ financial concerns.”

BMA director of communications Brian Butler says: “We had a good deal from Wesleyan but members repeatedly kept on telling us that they wanted independent advice.”


Earls joins skills council

Gartmore says it is considering flotation but has played down rumours that a move is imminent. US insurer Nationwide bought Gartmore from NatWest in 2000 and is believed to be looking for an exit to realise its 1bn investment.

FSA attacked over ‘flawed’ T&C plans

The FSA’s proposals for cutting back on training and comp-etency is flawed, says the Securities & Investment Institute, which argues that long-term damage will occur if exams in the wholesale sector are removed. The regulator’s recent T&C proposal, CP 05/10, sets out to reduce costs and bureaucracy while focusing on retail consumers but the SII […]

Informed Choice in first financial advice podcast

Informed Choice claims it is the first IFA to offer a weekly internet broadcast on personal finance topics for its clients. The IFA made its first 10-minute podcast on September 8. It is planning to include visual presentations in the future. Podcasting is a way of making audio and video broad- casts via the internet. […]

US equities: opportunities for short sellers expand

Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]


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