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Hips rolled out to one and two bedroom homes from December 14

The Government has announced today that Home Information Packs will be extended to one and two bedroom homes from December 14.

HIP Payment Services chief executive Jeff Smith says: “Today’s announcement will be greeted with much enthusiasm and relief from the industry, which has been tirelessly campaigning for HIPs to be fully extended across the whole market, since their extension to three bedroom homes back in September.
He adds: “With speculation rife and various inaccuracies about the impact of HIPs on the market being banded around by the Tories and other anti-HIP groups within the industry, it was essential that the Government reaffirmed its commitment to packs and announced this final and vital implementation.
“With HIPs fully rolled out across the market they will finally be able to bring about the many benefits they were initially designed to achieve – a faster, more transparent process which will aid a more informed buying decision.”


Rennison warns provider technology could stall CAR

Product providers may find it difficult to adopt the new technology required for customer-agreed remuneration, warns Thinc Group group corporate strategy director Roderic Rennison.Rennison, who chaired the RDR’s professionalism and reputation working group, told the RDR debate at the Personal Finance Society conference that there are worries around the logistics of CAR that have to […]

Professional planning

A fundamental shift in Government policy is needed to introduce greater flexibility in pensions and between tax wrappers if the mass-market advice market is ever to be served properly, says the Personal Finance Society. Speaking to Money Marketing at the PFS conference in Birmingham last week, new president Robert Reid said the Government and FSA […]

IFP and PFS talk on setting up single standards board

The Institute of Financial Planning and the Personal Finance Society are in talks to investigate the creation of a single independent standards board to police all advisers in a post-RDR world.In an interview with Money Marketing this week, new PFS president Robert Reid says although there will be more than one professional body, it is […]


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