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Imla appoints Tony Ward as new chairman

The Intermediate Mortgage Lenders Association has appointed Britannic Money chief executive Tony Ward as its new chairman.

He takes over from Paragon Mortgages managing director John Heron who becomes vice chairman.

Ward says: “Imla will continue to play a vital role in ensuring there is meaningful debate on the format of mortgage regulation and other government measures, which will impact on our market and the role of the intermediary.”


Reforms will hit consumer access to financial advice says IFAP

IFAP has condemned the FSA&#39s polarisation reform proposals, saying they will exclude middle England from quality financial advice.IFA Promotion chief executive David Elms says: “The FSA&#39s consultation paper is called &#39making the market work for consumers&#39 – quite simply, these proposals won&#39t make the advice market work for consumers What they will do is make […]

Gartmore chases income

Gartmore has unveiled the Gartmore monthly income fund, a unit trust that aims to produce income of 7.5 per cent a year.The fund will initially invest 70 per cent in high yielding bonds and the remaining 30 per cent will go into investment-grade bonds. By including both types of bond, the fund strives to balance […]

Bidding war fear over better than best rule

The FSA&#39s scrapping of the better than best rule will spark a bidding war among providers desperate to ensure they are not left behind in the dash for distribution, claim IFAs.The FSA says it abolished the rule, which effectively limited provider investment in adviser firms to 10 per cent, so commission-based IFAs wanting to retain […]

Old Mutual sails offshore

Old Mutual has introduced an offshore fund that aims for capital growth by investing in smaller companies within the UK.The Old Mutual UK select smaller companies fund will invest in companies valued at less than £1bn. It is expected to contain between 50 and 60 stocks. Individual stocks will not represent more than 5 per […]

Simon Fletcher

Auto-enrolment: pay attention or pay the price

By Simon Fletcher

As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.


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