The FSA has put back the deadline for smaller IFAs to submit details of their review population for the FSAVC review. The deadline for IFAs which advised on or arranged less than 100 FSAVCs has been changed to September 15 from September 1, 2000, the same date as firms with 100 to 1,000 FSAVC cases. Those that advised or arranged over 1,000 of the policies must report by October 16, 2000.
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Occupational policyholders concerned about ethical investment
A majority of occupational pensions policyholders want to use their influence to encourage socially responsible behaviour by companies says research by fund manager Friends Ivory & Sime. The findings add to growing pressure on fund managers to take the ethical behaviour of companies into account as much as their profits before investing in them. However […]
IFAP and Aifa are poised for merger
Trade association Aifa is set to merge with IFA Promotion.Aifa director general Paul Smee has received the backing from his board to “pursue discussions with IFAP” about their working relationship which are likely to see him head a merged organisation.Industry sources say five of the seven-member IFAP board also support rolling the organisation into Aifa.The […]
National Mutual staff promoted to support IFAs
National Mutual has promoted several staff to key senior positions where they will be responsible for supporting independent advisers.Andrew Wilkinson has been appointed head of marketing. He has been with National Mutual for 10 years and was most recently area sales manager for the south of England.Mike Mead, who joined National Mutual last year after […]
Playing a waiting game on nursing care legislation
I refer to the article in the August 3 edition of Money Marketing. I hope Roger is indeed correct in that premiums will reduce as a result of a need to cover off a smaller fee liability. However, I would suggest caution is required.I do not believe anybody can, with certainty, identify from the Government's […]
Flexible reversionary trusts and estate planning
The suitability of different estate planning solutions will depend on the individual’s own circumstances, needs and objectives. When considering the different solutions available there is a trade-off between inheritance tax (IHT) efficiency and access. Overall a flexible reversionary trust provides a greater level of flexibility than a discounted gift trust and can offer individuals a […]
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Robo firms struggle to enter auto-enrolment market
Online wealth managers have struggled to enter the UK auto-enrolment market because of high costs and legislation and are now looking elsewhere for opportunities. Moneyfarm chief financial officer Paolo Savini Nicci tells Money Marketing the firm has no plans to get involved in auto-enrolment, because of a “crowded” marketplace, relatively low account values and high costs. […]
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Does guaranteed drawdown have a future?
In recent months, providers have reassessed their plans on offering guaranteed drawdown products
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Profile: Young Adviser of the Year Sean Irwin on the ticking time bomb of an ageing industry
The DFP Wealth Management IFA on the desperate need for a new generation of advisers and existing firms’ role in helping them in