View more on these topics

LIA plans code of conduct and ethics

The LIA is planning to restructure as a “true professional body” with a code of conduct and ethics and a disciplinary procedure for members which do not adhere to it.

This week, the LIA will be balloting its members on the structural changes in a bid to develop the association&#39s role as a professional body among financial and mortgage advisers. It is looking to strengthen its position as an upholder of professional practice in a similar way to Sofa.

Contained in the proposals will be a possible change in designation for members, with each requiring a certain level of qualification. It is believed that under the proposals, members would no longer be able to hold the title of fellow without sitting appropriate exams.

The LIA is also looking to develop a continuing professional development programme in a bid to maintain standards within its membership but it is not thought to be looking to re-offer exams.

The LIA says it would not comment at present on its future moves.

An industry insider says: “The big question is, once these changes are made, will they improve the LIA&#39s fortunes?”

Recommended

Regulation issue

When new FSA regulation hits mortgage and general insurance providers later this year, the associated impact on brokers will be significant. Since the 19th century, banks, building societies and general insurance companies have been subject to regulation. But new conduct of business regulation from the FSA, due to come into effect this year, will shake […]

Ex-Ashley Law advisers in commission claim battle

A former Ashley Law adviser has issued a statutory demand to the Essex company for £7,719 of earnings he says is owed a year after he left. Ned Naylor is one of a group of nine former advisers who are planning a group action for the recovery of around £500,000 which they claim is for […]

Independent view

Around 7,000 people of 66 nationalities with seven simultaneous language translations all thrown together near to Disneyland sounds like a UN conference on weapons of mass destruction. In Anaheim, Los Angeles, there will be an event in June that will certainly change people&#39s lives around the world. I am referring to the 77th annual meeting […]

Mark Chilton on mortgages

It is a pity Stephen Knight was in Barbados last week and missed GMAC-RFC&#39s new 25-year product appearing in the Telegraph&#39s City Comment column. I think this might be a first. Even when we launched the first fixed-rate deals from First Mortgage in 1987, we failed to attract anything beyond the personal finance pages. Neil […]

Global equities: time to de-risk?

While equity valuations have doubled since the financial crisis, Simon Edelsten explains that there are still pockets of value. But not where you might think Macro-economic uncertainty is causing turbulence in equity markets. Artemis Global Select Fund manager Simon Edelsten says his investment themes are taking him in a different direction to some of his peers – away […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com