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Feathers fly over turkey roasting

LIA director general Mark Ommanney has hit back at former LIA chief executive Jeff Travis who said that LIA members voting for the merger are like turkeys voting for Christmas.

Ommanney says a merger would lead to the LIA being part of a stronger more unified voice for advisers. He believes it would allow advisers to make their voices heard at a crucial time. He says LIA advisers are professional advisers with independence of thought and action.

Ommanney says a professional organisation will need to require basic qualifications and argues that even without a merger, the LIA is planning a transition to a professional association which will require qualifications.

•Merger Edge, p40


Merger details are spelt out as chiefs urge yes vote

LIA president David Batchelor and Sofa chairman Nick Bamford have written to their 25,000 members to reveal details about the proposed merger between the two bodies and urge a Yes vote. The new body, which will be known as the Personal Finance Society, will have a single structure of designations, eliminating the LIA&#39s (dip) award […]

MPs fear that Treasury has shelved Miles&#39 plans

MPs are raising concerns that Professor David Miles&#39 report on the mortgage market has been shelved by the Treasury. Labour MP Andrew Love has asked the Chancellor in written Parliamentary questions what action he is proposing to improve the working of the UK mortgage market following the Miles&#39 report. Miles&#39 Treasury-sponsored review was published in […]

Richard Verdin on Protection

If you have ever put the words “multi-tie” into an anagram tool you will have discovered among other things that it is an anagram for et umi lit which, for those of you not fortunate enough to have received a grammar school education, is a well used Latin phrase, the literal translation of which is […]

Friends&#39 axe falls on 700 appointed reps

Friends Provident is shutting down its appointed representative sales business, blaming the increasing cost of regulation for the move. The division of 700 firms which sell Friends&#39 investments and pension products will close from December 10. Around half of these firms are expected to seek IFA status. Friends is steering advisers who want to become […]


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