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Labour conference – More money for CAB advice says Timms

Treasury Financial secretary Stephen Timms has pledged more money for free face to face financial advice provided by the Government&#39s financial inclusion fund.

Speaking at the Mutuo fringe event at the Labour Party conference this week Timms said the money would go towards provision of advice through the Citizens Advice Bureau network.

Timms said the Government is launching a Financial Inclusion task force to monitor progress on distributing money from the fund and an update would be given in the Chancellor&#39s pre- budget report.


Multi-ties fail technology test

IFA Park Row is making a stand against multi-ties, not in principle but in practice. The adviser says it cannot see any material benefit in going multi-tied at the moment. It does not rule it out in the long term but says IFAs should be wary for the next 18 months. Park Row&#39s criticism is […]

Merger challenge

Any merger of the LIA and Sofa was going to face opposition but it feels as if a bandwagon is beginning to roll against a change. The criticisms are diverse and the convictions deeply felt. Every few days,we get an email or letter from either a long-standing LIA or Sofa member as to why the […]

Davy and Sofa founder Carroll back LIA merger

Industry veteran Ken Davy a former president of the LIA, has backed the planned mer-ger between the LIA and Sofa. In a joint letter from Davy, chairman of SimplyBiz, and founder of Sofa Ben Carroll, they say a single body will at last give advisers the rec-ognition and standing they deserve and put them on […]

Mick McAteer

C onsumers&#39 Association principal policy adviser Mick McAteer is not known for holding his tongue about anything. He has talked the Treasury select committee&#39s ears off about what he believes is widespread misselling in financial services. McAteer has been fighting the corner for consumers who have been missold products for more than 10 years. His […]


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