View more on these topics

Exam paper

The CII’s RDR response suggests that advisers must get themselves to double FPC or diploma in financial services to call themselves professional or general advisers in four years, with a grace period of a further two years, provided the advice is approved by another adviser.

Higher levels of qualifications would not be required but would be aspirational. This is a big change from the RDR where the professional category requires chartered, certified or something in between. It represents a less onerous burden but still requires more exams. We would appreciate readers’ views on whether this is a workable compromise.

Recommended

Adviser Fund Index

The Adviser Fund Index has benefited from the recent surge in gold values. Prices hit 28-year highs last week in response to a weakening dollar and stockmarket uncertainty. The AFI has been able to profit from the upswing through several holdings, including Merrill Lynch gold & general and JP Morgan natural resources.According to data from […]

Resolution rating goes negative

Fitch Ratings has downgraded Resolution’s rating to negative following Standard Life’s withdrawal of its offer this week. Fitch says Pearl’s offer is “potentially detrimental” to Resolution’s credit quality.

Tenant’s extra

A client has asked for advice for his mother. Since her husband’s death a few years ago, she has become worried that, on her death, a very big chunk of the family’s wealth could go to the Exchequer. What steps can be taken to reduce inheritance tax?

Fledgling move for Aim stocks

The board of Gartmore’s £98m Fledgling trust is seeking a change to investment policy that would allow managers Gervais Williams and Andrew Russell to hold Aim stocks.

Looking back at 2015

By Fiona Tait, Pensions Specialist 2015 was quite a year for pensions. Change, more change, and proposed changes to the changes. The Spring Budget – pre-election plans With everything that has happened since, it is hard to remember what happened in March. Following on from the bombshell of the 2014 Budget, the Chancellor confined himself […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment