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Female IFAs to stay independent

Ninety-three per cent of female-led IFA firms say they are committed to remaining independent after depolarisation, with only 6 per cent planning to multi-tie, according to new research from the Women&#39s IFA Group.

The survey reveals that 36 per cent of the firms surveyed have already started changing their business strategies in advance of the implementation of the Sandler review.

Of those, 82 per cent are planning to specialise in either wealth management or long-term care advice while 18 per cent are moving in the non-regulated business direction.

Half are involved in some area of retraining, with 70 per cent of these working to complete their Advanced Financial Planning Certificate.

Only 14 per cent are currently charging fees but 35 per cent are heading in that direction, meaning that eventually half could be fee-based operations. Thirty-nine per cent work on a salary with a bonus and 56 per cent are self-employed within a network or directly regulated.

Wig surveyed 200 members in early June.

Wig chairwoman Fiona Price says: “Our research shows that women IFAs are not only incredibly committed to the industry but they are adapting and proactively changing their businesses in order to stay competitive in the new environment.”


Fund sales finally see upturn

Investment fund sales leapt by 45 per cent in June from the same period last year, the first year-on-year increase since October 2002, according to the Investment Management Association.IMA figures reveal that net retail sales hit £918m in June compared with £742m in May, an increase of £285m from sales of £633m at the same […]

DWP consults on vesting rules

The Department for Work and Pensions is consulting on rules that would guarantee equal treatment for to part-time workers and occupational pensions.The consultation will look at the time limits that apply for access to occupational pension schemes from part-time workers.Pensions minister Malcolm Wicks says: “These regulations reflect the rulings of the European Court of Justice […]

National Counties Building Society – Guaranteed Growth Bond

NATIONAL COUNTIES BUILDING SOCIETY Guaranteed Growth Bond Type: Guaranteed equity bond Aim: Growth linked to a basket of 20 global blue-chip stocks Minimum-maximum investment: £5,000-£500,000 Tem: Five years six months Guarantee: Original capital returned in full along with 10% growth at end of term Return: Between 10% and 75% growth at end of term Closing […]

People resent compulsion to buy an annuity

I see Edward Garnier&#39s failed Annuity Bill comes in for criticism by Britannic Retirement Solutions. But it would as BRS are simply there to flog annuities.Where Mr Garnier possibly went wrong was that his bill proposed that retirees would still be under an obligation to buy an annuity so as to secure sufficient guaranteed income […]

Technology & Fear

By Ali Unwin, Chief Technology Officer & Manager of the Neptune Global Technology Fund Fear has always been a key ingredient for technological experimentation and adoption, and today is no different. But when and where are these fears justified? asks Ali Unwin, Chief Technology Officer and Manager of the Neptune Global Technology Fund  Click here […]


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