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?”
Scottish Widows is terminating its agreement with Asda to sell life insurance through the supermarket chain.The provider says the partnership which began in October 2003 has come to an end because the volume of sales was not as high as Scottish Widows had expected.Existing policyholders will be unaffected by this and Scottish Widows will continue […]
The Treasury select committee is taking evidence looking at the responsiveness of the FSA to the needs of consumers and progress in relation to its Better Regulation Action Plan as part of its regular scrutiny of the regulator.
Pima has called for Personal Accounts to be linked to Isas to create a more joined up approach to savings.In its response to the Government’s White Paper, Pima says a percentage of monies taken into Personal Accounts should be allowed to be filtered into Isas.Pima says the move would put consumer demand and consumer’s real […]
Norwich Union has set up a simplified life insurance product which it says will offer most customers cover without the need for manual underwriting.
Amid stuttering growth and political uncertainty, we look for companies that should thrive regardless, Mark Page, manager of Artemis European Opportunities Fund, tells Ross Leckie. Clear here
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It is likely the increased regulatory scrutiny on fund managers’ value could filter down to advice firms in the future In my last article, I considered the influence a non-executive director could have in challenging an advice firm’s business model in light of the pension transfer issues. Now, in its asset management market study final […]
The financial services industry has failed to find ways of nudging consumers to think about their options at retirement, despite three years of pension freedoms. A panel at the Association of British Insurers retirement conference today lamented the way companies talk to people about pensions and the lack of engagement it inspires. ABI director general […]
The new chief executive of the single financial guidance body can expect a salary of £175,000 a year, according to a job advert posted online. The advert, posted on the Cabinet Office website says applications will close in mid-May with final interviews held in early July. The date for announcing the successful candidate has not […]