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Consumers could be confused, says IFAP

IFA Promotion warns that consumers may not be cear about different types of advisers when depolarisation arrives.
Chief executive David Elms says that there is still a ris that the public would not know the difference between multi-tied and independent advisers.
The new rules come into force on December 1, with a six month grace period for firms to comply.
Elms says: “Many people are unclear about where to get financial advice from.
“Whilest these changes will give consumers better information at the beginning of the advice process there is a risk that more types of adviser will add confusion.”


Advisers and lenders must work together on depolarisation says Standard Life Bank

Advisers and lenders must work together if they are to ensure that new rules for depolarisation are communicted as effectively as possible says Standard Life Bank.Standard Life Bank head of sales Alan Dring says: “Lenders and advisers need to gain the trust and confidence of consumers and how effectively we can make these rules and […]

FSA’s Severn to become new Aifa head

Former FSA head of retail investments policy David Severn is to take the role of director-general of the Association of IFAs. Severn takes over the role vacated by Paul Smee who stepped down this week.Association of Mortgage Intermediaries director Chris Cummings becomes deputy director-general of Aifa while Fay Goddard who is acting director-general in the […]

A-Day while the sun shines

I have a paid-up executive pension plan which offers me the potential of taking a substantial amount of tax-free cash. I am actively contributing to other pension policies and am thinking about consolidating the arrangement. Will the new pension legislation have any effect on this?

Product matters

Investec Asset Management, the specialist international investment manger, is launching its onshore global energy fund to mirror that of the Guernsey-based GSF global energy fund which is AAA-rated by Forsyth Partners. The group says it is responding to IFA demand and aims to exploit capital growth opportunities represented by investment in exploration, production or distribution […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.


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