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Leave FPC alone, says CII

The CII has urged the Financial Services Skills Council to leave the standard of the FPC alone, saying that it remains relevant to the needs of today&#39s market.

In its response to the Skills Council&#39s consultation on the exam regime, which closed last week, CII director general Dr Sandy Scott says there is no need to raise the standard of the FPC but instead calls for it to be made more pertinent.

The CII says it is committed to providing higher-level qualifications on a voluntary basis and its new framework and learning materials will be introduced in October.

Scott says: “I see no need to significantly raise the bar as far as the benchmark qualifications are concerned.”


Tories look to Lords on annuities

The Conservatives will take their plea for annuity reform to the House of Lords if their bid to bring an end to compulsory annuities fails in the House of Commons this week. The Pensions Bill reaches the final stages of committee this week and Shadow pensions minister Nigel Waterson says he intends to table an […]

Govett funds to be merged into Gartmore

Gartmore is proposing to merge the majority of Gartmore Govett funds into Gartmore UK retail funds after its acquisition of the fund manager from Allied Irish Banks last November. Gartmore head of UK retail Paul Feeney says: “Since the acquisition last year we have been clear about our intentions to merge a number of the […]

Julian Gibbs

I have always been a huge admirer of Nigel Thomas and George Luckraft, now at Framlington. They have both performed extremely well since they joined from ABN Amro. They started managing Framlington funds in September 2002 and over the past year have produced outstanding results. For example, Luckraft&#39s equity income fund has risen by 48 […]

Reregistration fee smoothes the way

I read with interest the front page comments last week from Cofunds marketing director Rick Andrews. Reacting to FundsNetwork&#39s £50 reregistration fee for IFAs consolidating client portfolios on to the platform, Mr Andrews asked whether such a payment to IFAs makes a difference? He might not think so but, if our recent experience is typical, […]


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