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Move to set up Reits diploma for advisers

The Reits and Quoted Prop- erty Group is seeking a partner to develop a Reit diploma for financial advisers.

RQPG is approaching property companies and profess-ional development organisations, including the Chartered Insurance Institute and the Institute of Financial Planning, to help it devise a syllabus.

Reits are set to be introduced into the UK market on January 1 and the group is keen to educate IFAs on the product and says the introduction of the diploma would give investors greater confidence in Reits.

RQPG co-ordinator Dave Butler says: “It is early days yet. We have flagged the idea up with three or four poten-tial partners but the syllabus is not yet clear. Education will be a great driver for this market. What we really want is for the advisers to tell us what they want.”

However, Hargreaves Lansdown senior investment manager Ben Yearsley questions why a separate Reits qualification is needed.

He says: “Would it not be better just introducing Reits into the general financial services investment exam?”


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Treasury committee probes FSA response

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NU keeps it simple with life cover deal

Norwich Union has set up a simplified life insurance product which it says will offer most customers cover without the need for manual underwriting.


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