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IFAs offered aid to CPD on investments

The CII and the IMA have teamed up to publish a continuing professional development workbook on investment products for IFAs following concerns raised by Sandler over the quality of investment advice. The workbook, available on CII&#39s website, is aimed at IFAs who have the FPC qualification but no specialist investment qualifications.

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BFS in bid to attract Invesco Peps

BFS Investments is reducing its minimum Pep transfer value to £3,000 from £5,000 until the end of August to attract Invesco Perpetual investors wishing to retain their Pep status.The move follows Invesco&#39s decision to stop managing Pep accounts with direct shareholdings.Investors have been asked to choose between selling their shares and switching them into an […]

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Stockbroker Cazenove has linked up with international insurer AIG to launch the AIG Cazenove universal investment bond.This combines the tax advantages of unit trusts and investment bonds in that, because of the AIG&#39s tax position, unlike other bond funds, there is no deduction against the underlying funds to meet the tax payable by AIG Life. […]

BSA defends record on commercial lending

The Building Societies Association is criticising FSA chairman Howard Davies for singling out the sector&#39s approach to commercial lending.Speaking at the launch of at the De Montfort Study of the UK commercial property market last week, Davies said the FSA would be monitoring the “performance of a number of building societies whose commercial property loans […]

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