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New IFA trade body launched

The Association of Independent Financial Advisers has announced plans to be fully operational by 1 October.

The new association, which aims to become a unified body for all IFAs, begin work on 1 July under an executive committee chaired by Lord Hunt of Wirral.

Financial services consultant Richard Knox-Johnston has been appointed project manager.

Lord Hunt says: &#34A number of organisations currently make representations on behalf of the sector but no one body represents all those involved in independent financial advice. The establishment of AIFA marks an important step forward in this process.&#34

AIFA is keen to work with existing industry bodies and recognises the special issues facing small IFAs.


NatWest launches two new capped rate mortgages

NatWest Mortgage Services is launching two fixed-rate mortgages with pre-determined dates for the borrower to switch out of the deal.One mortgage is fixed at 5.99 per cent for 3 years and the other at 6.29 per cent for 5 years. Both allow borrowers to repay in full or make a capital reduction in the last […]

Fleming Investment Trust Management appoints marketing manager

Fleming Investment Trust Management has appointed Debbie Cash as marketing manager.Cash has been at Fleming&#39s for five years and takes over the role from Ian Overgage.The marketing role has been expanded to include responsibility for marketing to IFAs as well as private clients.

FSA to launch on-line register

The Financial Services Authority will launch an online register of authorised firms on 29 April.The Central Register website will enable the public to carry out basic authorisation checks on firms they are thinking of dealing with. Being authorised means that a firm meets the regulator&#39s standards of honesty, financial soundness and competence and offers safeguards […]

British Venture Capital Association announces record year

The British Venture Capital Association has announced record results for 1998.In its 1998 annual report on investment activity in the venture capital market, the Association reported a record 18 per cent increase in worldwide venture capital investment by UK firms. This was up to £4,919m in 1998 from £4,184m in 1997.The number of companies invested […]

Inheritance tax when it is relevant

Neil Jones is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. A trust can offer significant advantages when an individual is […]


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