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FSA releases compliance training for IFAs

The FSA has released a CD training programme for IFAs aimed at improving understanding of compliance issues amongst intermediaries.

The programme, “Compliance Essentials for Financial Advisers,” is aimed at both new IFAs and experienced practitioners.

A supervision officer and IFA talk about the key principles underpinning compliance requirements, common problems found by supervision staff during visits and practical ways to demonstrate compliance.

In addition, the disc includes eight separate modules covering topics like assessing a client&#39s risk profile, the suitability letter and continuing professional development.

The regulator is charging £38 per copy for one to five copies and £35 per copy for six to fifty copies.


Big Brother encourages house hunting, says B&B

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MCCB says code breaches are less

The Mortgage Code Compliance Board says there was a reduction in the number of mortgage code breaches by intermediaries in the six months to January 2001. But the regulator is concerned that a quarter of firms visited by compliance officers failed to provide adequate explanations of the level of service they were providing and internal […]

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Take a bonus or stick with GAR?

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Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.


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