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Business is there if you work for it

I have just finished reading a recent copy of Money Marketing and with a

less strong constitution would have jumped off a cliff at the volume of

doom and gloom that apparently exists in our industry.

As a director of a small City-based IFA practice, business has never been

better. Our joint turnover is growing month on month which has been

achieved from sheer hard work.

Sure, we have to deal with varying investment climates and severe

regulation and look at the good it has done.

IFAs are better equipped to provide advice than ever before as we have to

be well qualified and most IFAs I come across are more than ethical. It is

the small-minded who feel that our industry continues to decline and

perpetually complain about how they are to survive.

There are so many markets to exploit in our industry. We have expanded

into the corporate market where there are vast amounts of clients just

waiting for someone to come along and sort their companies out.

The opportunities are fantastic and the future challenging but the rewards

are there for the taking. All it takes is hard work and maybe that is what

people are afraid of?

Petronella West


Investment Quorum London


Give ICS fair hearing

It is very difficult to stomach paying for the failures of others,particularly when third parties benefit. But the ICS should be given a fairhearing over Towry Law. If it can prove this intervention is the mostcost-effective way out, then IFAs may do well to accept it. Before IFAs bring the scheme to its knees, they […]

Govett fixes interest in bonds

Govett Investments has unveiled the corporate monthly income fund, which invests in fixed interest securities including sterling denominated corporate bonds and UK gilts.This open-ended investment company aims to provide a combination of capital growth and income with a target yield of 7 per cent a year. It invests in between 50 and 60 corporate bonds […]

Pressure on for LTC and gene tests

The Government has been criticised by both major opposition parties againlast week for not making its position clear on long-term care funding andthe use of genetic test results by insurance companies. In a debate in Westminster Hall, LibDem spokesman for older people PaulBurstow said people suffering from dementia are at risk because of the waythe […]

Gartmore – Stable Growth Fund

Wednesday, 11 July 2001.Type: Unit trust.Aim: Growth by investing in zero dividend preference shares.Minimum investment: Lump sum £1,000, monthly £50. Isa lump sum £3,000, monthly £50. Pep transfers lump sum £3,000.Investment split: 100 per cent in zero dividend preference shares.Isa link: Yes.Pep transfers: Yes.Charges: Initial 1.5 per cent, annual 1.5 per cent.Commission: Initial 3 per […]

Tax year-end planning for annual allowance

Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]


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