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NU scheme aims to help graduates become advisers

Norwich Union has set up a new adviser training programme in a bid to encourage more graduates to take up a career in financial advice.

The firm says its future adviser programme is designed to attract graduates at a time when the challenges of the retail distribution review could potentially see the number of advisers fall markedly in the next few years.

Recent research conducted by the firm shows that 24 per cent of advisers are thinking of leaving or retiring from the industry.

Potential hurdles in the RDR proposals include setting higher professional standards, changing remuneration structures and the need for higher capital holdings. The programme, in partnership with The Institute of Financial Planning, launched as a pilot scheme with Manchester Metropolitan University Business School on February 23. Norwich Union distribution development director Steve Gay says: “We know from our research that advisory firms struggle to recruit new advisers at an appropriate qualified or skilled level.

“The results of Norwich Union’s own regular RDR barometer adviser survey indicate that 84 per cent of financial advisers who have looked to recruit in the past three years have experienced difficulties in doing so successfully.”


CII revenue up 7%

The CII Group has reported a 7 per cent growth in revenue in 2008 to £30.3m, up from £28.4m in 2007, and a rise in net profit to £1.9m from £1.0m.

Future prospects

It is the year is 2015 and the UK economy is slowly recovering from “the great banking and misregulation crises”.

Source Financial joins 2plan

Source Financial, a directly authorised firm with 43 advisers, has joined national IFA 2plan Wealth Management.

Craig Inches – thoughts on how to preserve capital and generate income in an inflationary environment

In this short video, Craig Inches, head of short rates and cash at Royal London Asset Management, offers his thoughts on how to preserve capital and generate income in an inflationary environment. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well […]


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