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Dry run planned for Hips in 2006

Home information packs took one more step to becoming a reality as industry bodies agreed with the ODPM on a dry run, to be carried out next year. Approval has also been given to the diploma in home inspection. The partnership is also looking at a not-for-profit certification scheme to oversee the standards of operating Hips.

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IFAs opt to spread regulatory costs

Around 1,750 small firms have signed up to pay their fees by instalments, according to new figures from the FSA. The fee paying instalment plan was introduced earlier this year to allow IFAs to spread the costs of their FSA, FSCS and FOS fees, after IFAs were hit with a major hike in FSCS fees […]

Openwork-v-Home of Choice trial set for November 22

The date for the court proceedings instrigated by Openwork against Home of Choice has how been set for November 22.The earlier separate proceedings brought against Richard Coulson will also be heard at the same date, to assess whether he was still a Zurich employee when he set up Home of Choice.Openwork ceo Stephen Leaman says: […]

IFAP releases loan IFA listing

IFA Promotion is releasing a mortgage IFA media services supplement listing mortgage IFAs who also offer independent investment and protection advice. This is to raise awareness amongst consumers that an independent mortgage adviser may not necessarily be offering independent advice for other financial products. Marketing director Karen Barrett says: “Latest research shows 78 per cent […]

Keydata income plan will invest in insurance policies

Keydata is offering a secure income bond which aims to pay 7.5 per cent annual income over five years without relying on equities. The fund will invest in a mix of cash and insurance contracts. It is designed to appeal to income investors who are put off by the perceived risk of investing in equities […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]

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