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IFAs fear clash of cultures

IFAs are keen to see what a merged Sofa and LIA will mean for them but fear a clash of cultures between the two organisations.

Pearson Jones director Nick Conyers says: “I want to see what the brave new world of the Personal Finance Society will mean for us. There is potential for a clash of cultures but we are all pulling in the same direction and I hope the PFS will enable us to be seen as a profession rather than in the tarnished light we are viewed at the moment.”

Jamieson Financial Management principal Bruce Jamieson says: “These are two disparate organisations I don&#39t think will merge well – they have different purposes.”


Kleinwort offers hedge fund range in joint deal

Kleinwort Benson Private Bank is setting up a range of onshore funds tracking major hedge fund indices in association with boutique Bespoke Financial Consulting. The products, including the FTSE broad hedge fund and S&P broad hedge fund index-tracking portfolios, will be launched by Bespoke, with Kleinwort acting as investment manager. They will be in an […]

Product Matters

With income tax relief increased from 20 to 40per cent, venture capital trusts are the talk of the town while enterprise investment schemes are largely forgotten. However, while EISs qualify for only 20 per cent income tax relief, they are demonstrably more tax-efficient than VCTs. EISs offer capital gains deferral relief for gains crystallised in […]

Bad times for good firms

It is in this spirit that I write this as an open letter to ask you to consider an important and pressing issue currently facing all independent financial advisers regardless of their size. I refer to the ever increasing burden of the Financial Services Compensation Scheme levy. “No taxation without representation” has been both a […]

Scottish Equitable Protect launches e-commerce system

Scottish Equitable Protect is launching an e-commerce initiative as part of its development of its online protection business processing. The new service offers end-to-end processing. If an application meets the auto-underwriting criteria, an automatic acceptance decision will be given. Scot Eq will be launching a fully comprehensive underwriting system in early 2005. The system will […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


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