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Here comes the sun…but IFAs are too busy for holidays

Two-thirds of IFAs will not take a summer holiday this year due to work pressures.

A survey by employment law firm Peninsula found that just 26 per cent of IFAs are planning a summer break. Of those who will be staying at home, 66 per cent said they are too busy to go on holiday due to work deadlines and client pressures.

The survey of 811 national advisers was conducted by Peninsula in conjunction with Portfolio Payroll, the financial recruitment company.

Portfolio Payroll says while clients may appear to benefit from the dedication of their adviser, quality of work may suffer if they do not take a break.

Compared with 2000, when 54 per cent of employees in IFA firms planned to take a summer vacation, intermediaries are now putting work higher up their list of priorities.

Portfolio Payroll managing director Danny Done says: “This shift of emphasis has its pitfalls for employees and employers alike, with employees facing an increased likelihood of stress and burnout while employers are left to pick up the consequences. With adequate training and procedures put in place by employers, employees’ fears associated with taking time out can be put at ease and their absence can be accommodated by the company’s resources.”

Talbot Insurance Services partner Howard Cook says: “Workloads are increasing, with the growing amounts of regulation and bureaucracy around. With shrinking pro- fit margins, you have to write even more business to stay still. Do we work to live or live to work?”


A-day to boost buy to let by 15 per cent says UCB

Nationwide subsidiary UCB Home Loans says new rules allowing residential property to be included within a Sipp will boost the buy-to-let sector by 15 per cent next year. A UCB Home Loans report says the additional business could see between 3bn and 5bn spent on rental property for use within a Sipp next year with […]

Flight joins Kinetic as senior adviser

Former Conservative deputy chairman Howard Flight has become senior adviser and consultant to Kinetic Partners, a global professional services boutique focused on the investment management industry.

Equitable slashes negligence claim

Equitable Life yesterday dropped a substantial part of its negligence claim against its former auditor Ernst & Young slashing the damages sought by 1.3bn. The society told the high court it was abandoning the “lost sale” claim – that Equitable could have sold its business for a higher price had E&Y made it aware of […]

Plum launches new software

Plum Software has launched new IFA software with features including extended branching and priorities capabilities.Plum says IFA firms can now tailor database access according to identities and logo with the software also helping to manage and monitor compliance and co-ordinate marketing across different offices.It says the priorities option allows firms to set up their own […]

Neptune Global Income: Is Japan the best dividend market in the world?

By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]


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