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Grandfather deal for Mifid

IFAs will still be able to sell complex products to “intermediate” clients under Mifid because of a loophole created by the FSA. Law firm CMS Cameron McKenna says FSA proposals will allow current intermediate clients to be “grandfathered” into the Mifid regime as “professional” clients without having to meet strict new criteria.

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Find buys Defqto parent company

Consumer portal Find has bought Defaqto’s parent, The Independent Research Group, in full

Icob firms should sell PTA without advice

Direct Life & Pensions sales and marketing director Richard Verdin says Icob advisers should sell pension term assurance without advice rather than with a caveat which says they cannot advise on the suitability of the product. Verdin says he knows of specialist protection advisers that do not sell PTA because they are uncomfortable with the […]

AA sets up IHT planning operation

The AA has set up an IHT planning operation and will offer advice on wills and trusts. The motoring giant is also launching a conveyancing arm as part of its wider drive to build on the legal services operation it started earlier this year. The move means that the AA’s huge brand appeal is likely […]

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