Aifa and the Institute of Financial Planning are to hold a series of one-day courses designed to help advisers move to a fee-based model. The first of the courses, run with FP Advance, will take place on September 14 at the Mermaid Conference & Events Centre in London.
The Association of Finance Brokers has launched a payment protection insurance checklist to give members guidance on PPI sales procedures.The checklist has been produced in response to the Office of Fair Trading’s damning report on PPI which found that providers are making massive profits on the back of low claim ratios.The FSA has also urged […]
Millfield Partnership Limited’s capital adequacy deficit would have risen to 7m by February 2007 if the FSA had not pulled the plug on the firm. The regulator, in its final notice to MPL, said the firm failed to provide a viable proposal to rectify its 4.5m deficit and it was therefore forced to remove the […]
Opposing statements from HMRC have increased confusion over the application of the ‘not less than premiums paid’ rule
A no sale, no fee home information pack has been set up to try to prevent a slowdown of the housing market.
New research has revealed that the highest percentage of opt-out rates in auto-enrolment is made up of 22- to 30-year-olds (28.49 per cent of 2,102 people surveyed, who chose to opt out of schemes, were in this age bracket).
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Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
Fund managers like to trade off having a unique style. There thousands of funds out there to choose from – the question I often hear from advisers is: what makes this person different? Sometimes this can be a really tough one to answer. “We invest for the long term” is all fine and good, but […]
With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]