I notice that UK candidates for the chartered financial analyst exams did very well indeed. There is no doubt that this is an extremely rigorous and difficult exam requiring a huge amount of commitment from candidates.However, I would like to point out that the charter status has absolutely nothing to do with the UK Privy Council. This is a qualification and attribute entirely run from the US. As I have said so often in the past, it rather makes the CII’s efforts in applying to the Privy Council for charter status for the PFS look extremely silly, particularly, of course, as the designations CFP already belong to another body. Indeed, the CII is about as in touch with the real world as its compatriates at the ABI. I am well aware of the PFS’s infatuation with medieval accolades but I simply cannot credit the obdurate overweening arrogance of this organisation. There can be no one within the PFS or the CII who is unaware of the Institute of Financial Planning or the Certified Financial Planner (CFP) accreditation. They feel they have the right to ride roughshod. I only hope that the CFP licence organisation in the US sues the pants off them. Harry KatzStanmore, Middlesex
The UK commercial property investment market is in robust health and with the exception of some sectors of the retail market, such as high-street shops, the outlook is good.
Japan and income are two words not often used in the same sentence. This is hardly surprising given that, for the past 15 years, Japanese equities have been in a state of turmoil. As a measure of the extent of Japan’s derating, the Topix is still 55 per cent below its peak at the end of 1989.
The Government has given its strongest indication yet that it will give real estate investment trusts the go-ahead in the autumn’s pre-Budget report. In his first newspaper interview since taking on the role in May, Treasury Economic Secretary Ivan Lewis says he is personally committed to making rapid progress in this area and is “very […]
Leeds & Holbeck Building Soc- iety is changing to its new name as Leeds Building Soc- iety this week. Chief executive Ian Ward is overseeing the new brand and there are plans for expansion. An advertising campaign is starting this week. Ward emphasises that Leeds will remain an independent building society. Its half-yearly results are […]
By Steve Webb, director of policy The British obsession with homeownership can have dangerous consequences. A recent survey by Barings¹ found that up to three million people of working age were planning to rely wholly on the value of their home to fund their retirement. We are not talking about people investing in buy-to-let or […]
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FCA chief executive Andrew Bailey says he is concerned about the new Priips regulation. Speaking at the London Business School Annual Asset Management Conference yesterday Bailey said: “I want to be clear that I am concerned about Priips, and I know I am not alone.” He added: “It carries a risk that it is leading […]
The Personal Finance Society has launched a guide for advisers on social impact investing, in light of recommendations to government from an advisory group. The guide was put together by the PFS, with the support of the government’s independent advisory group on social impact investing and the Department for Digital, Media, Culture and Sport. The […]
The debate around how fund managers’ pay incentives should work has been reignited. Firms have started to introduce new cost structures in an attempt to improve transparency, as the FCA steps up its focus on how asset managers assess their value. The companies that have already introduced new fee models claim it will not change […]