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It shouldn&#39t happen to a vet

Two old acquaintances from the public service were reunited at this year&#39s Aifa dinner – FSA chairman Callum McCarthy and Aifa director general Paul Smee.

After McCarthy&#39s keynote address, reassuring IFAs that the regulator is here to help, Smee felt the need to complete some unfinished business.

Smee told McCarthy: “When you were secretary to the secretary of state, I was private secretary to the permanent secretary. So, Callum, if you want to know what the permanent secretary said when the secretary of state told him to vet a document, just come and have a word some time.”


Mental illness is biggest cause of claims at Friends

Mental illness was the biggest cause of claims under Friends Provident&#39s income protection plan last year. Twenty-four per cent of claims were due to mental disorders, including chronic fatigue syndrome and stress. Musculoskeletal disorders accounted for 21 per cent of claims, followed by conditions such as bronchitis, asthma and glandular fever at 16 per cent, […]

Leeds & Holbeck – 25-Year Fixed Rate

Type: Fixed-rate mortgage Fixed term: Until March 1, 2029 Fixed rate: 5.99% Minimum loan: £25,000 Maximum loan: Up to 90% of valuation subject to a maximum of £300,000, up to 85% of valuation subject to a maximum of £400,000, up to 80% of valuation subject to a maximum of £500,000 Income multiples: Up to 90% […]

Independent view

We were recently approached by a client who had been on our books for many years (although not very active) to conduct a financial review for him and his family. He was sent our terms of business, which detail how we are paid, as well as a financial planning questionnaire to read and complete in […]


Do you support FSA plans to levy regulatory fees on IFAs based on turnover rather than the current system of number of RIs? “It depends on the figure, if it&#39s cheaper then I would support it.” Eric Rushton,Powsney & Co“In principle, I do support it but it depends on the structure and how it will […]


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