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Ex-Portman marcomm chief Farr joins AMI

The Association of Mortgage Intermediaries has appointed former Portman head of marketing communications Richard Farr as its new director.

Farr will be responsible for the management and day-today running of the AMI. He will report directly to director general Chris Cummings and starts in his role this month.

Cummings says: “Richard is joining us at a critical time for AMI members. The burden of regulation has never been heavier and yet we see further proposals for more regulation. The mortgage intermediary community must unite around a strong, focused trade body to address the issues of adviser recruitment, increasing professional standards and protecting our industry’s reputation.”

Farr says: “I am very excited to have the opportunity to represent AMI members in the regulatory and business environment. I see my main priorities as reducing the costs of regulation, attracting new people to the industry and helping members grow more profit-able businesses.”


Advisers say independence is down to product range, not remuneration

Ninety-four per cent of advisers believe that independence should not be determined solely by the way they are remunerated, as proposed in the retail distribution review, according to Skandia.The company surveyed 158 advisers and found only 7 per cent believe remuneration is the most important factor determining independence. Sixty-one per cent say the product range […]

IFA banned in catalogue of failings

The FSA has banned Liverpool IFA Michael Sheron from carrying out any regulated activities after finding him not fit and proper to oversee or manage a business.Sheron was a partner at Liverpool-based Sheron & Company Financial Advisers and was solely responsible for its day-to-day business.The FSA found Sheron lacked competence and capability. He failed to […]

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Long-term investors are seeing Japan in a more positive light


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