The Institute of Financial Planning is threatening legal action over the use of the letters CFP by the CII.The IFP says the CII’s decision to launch its chartered financial planner qualification und-ermines its own certified financial planner accreditation. At its AGM last week, IFP president Ian Shipway pledged to do whatever necessary under trademark law to “protect the integrity of the CFP mark”. He accused the CII of deliberately creating confusion with the launch of its chartered financial planner status and said people were already referring to both CII and IFP qualifications as CFP despite the Privy Council banning the CII from using the abbreviation. IFP solicitors have written to the Privy Council demanding that it comes up with a different name. Shipway says: “I have little doubt that those who were responsible for deciding on these titles knew exactly what they were doing.” But CII group public affairs director John Ellis says: “We have made it clear we never wanted the qualification to be abbreviated as it loses its power.”
The Chartered Insurance Institute is criticising the FSA for its proposals in CP 05/10 to remove customer controlled functions from the regulatory regime. The CII is stressing the importance of direct regulation of all individuals dealing with customers, rather than just senior personnel. The FSA is calling for the abolition of customer controlled functions when […]
Fidelity International is slashing the cost of its online trading through ShareNetwork, which is being opened up to non-Fidelity clients.Costs for online trades will be cut from 13.50 to 9, regardless of size or frequency of transaction.Investors who join ShareNetwork will also receive full personal membership of Crest, the online share registration and settlement service […]
I have always appreciated the unusual or the quirky. The venue for the IFP conference for the last two years has certainly been both. As you enter, you are greeted by a statue of Atlas (I presume) holding up not the world but the circular ceiling in reception.
All protection providers should reveal their claims statistics to improve understanding and decrease instances of non-disclosure by clients, according to Abbey for Intermediaries. Head of life and health propositions (protection) Sue Wilkinson made her call as ScotProv released its critical-illness claims data for January to June 2005. The data shows that the majority of unsuccessful […]
Most investors are better off than they were 12 months ago despite the summer’s volatility. Will next year bring the (delayed) global slowdown? Artemis’ senior partner weighs up the factors.
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A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]
It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]
The FCA has confirmed it will consider if there needs to be better guidance around when it and the Financial Ombudsman Service can share information ahead of the FOS making its final decision. In a Complaints Commissioner final report, published on its website yesterday, commissioner Antony Townsend invited the FCA and FOS to discuss when […]