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Disappointment at lack of distinction

Whitechurch network managing director Ian McIver says the QCA level four benchmark set for all investment advisers regardless of whether they fall under independent or sales advice is disappointing. He says: “If they are saying that the starting point for both those circles is the same, then that is disappointing because what ‘independent’ needs is something to distinguish itself.”

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Lacking in substance

With regards to Michael Nichols’ plea for a balanced debate regarding structured products, from what I have seen in Money Marketing, I have had two articles casting doubt on the product but there have been nine letters and articles, etc in their defence. None has anything of substance which would change my mind. There have been no facts to demonstrate transparency or anything to prove me wrong. Do I have seven more chances to make the debate balanced?

A boost for bonds

Panellists upped the allocation of bonds in the Balanced Adviser Fund Index during the November rebalancing. Cazenove UK Corporate Bond, L&G All Stocks IL Gilt Index, M&G Strategic Corporate Bond and Standard Life Global Index Linked Bond joined the benchmark, as the fixed-income weighting grew by 4 per cent.

Recession to be short and shallow

HSBC chief economist Dennis Turner has forecast the recession will be shallower and shorter than predicted, with a recovery starting in the second half of next year.

How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]

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