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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Tony Wickenden: Helping business owner clients plan around losses
Knowledge of how the tax relief rules work for corporate losses will add considerable value to an adviser’s proposition Financial planning tends to focus on situations where there is available capital or income – very possibly created from business profits for SME owner-managers. But sometimes businesses make losses, and an awareness of how the tax […]
Acquisitions bolster Close Brothers inflows to £1bn
Close Brothers Asset Management saw net inflows jump 43 per cent to £1bn year-on-year, from £757m in 2017. The business released its preliminary results for the 12 months to 31 July today. Close Brothers says the strong inflows were delivered by its own advisers and investment managers, as well as third party advisers. Coventry-based Adrian […]
Tenet to compensate over annual allowance tax bungle
The Financial Ombudsman Service has told Tenet to compensate a client for its failure to give timely advice that resulted in an annual allowance charge of around £14,000. In the ruling, Mr T was a client of Tenet Connect, Tenet’s network of advisers, who found he was under threat of redundancy and made an appointment […]
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