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PosSol sets up IFA practitioner deal

“National IFA firm Positive Solutions is to launch an IFA practitioner programme and is targeting up to 500 recruits to its apprenticeship scheme in the next two years.

The 12-month programme to help its partners develop their business and technical expertise is part of a series of professional development initiatives being launched by the firm. These include the national rollout of its apprentice scheme and a new graduate development scheme.

The programme begins with a mandatory “foundation” module on business strategy and planning. It then moves on to a series of practitioner modules covering areas such as lead generation, client segmentation and income strategies before covering technical modules in sectors such as retirement or invest- ment planning.

Positive Solutions’ learning academy launched last August and has attracted over 80 per cent of partners to the programme.

The firm says it intends to build on the “”self-select”” nature of the acad-emy through the new programme by combining practitioner know how with necessary technical and planning knowledge. Positive Solutions is targeting up to 500 recruits to its apprenticeship scheme by the end of 2010 in a bid to boost fresh talent in the industry.

Chief executive Jim Reeve says: “”We see major recruitment opportunities, particularly in the bancassurance and directly authorised markets. The DA sector is vulnerable and exposed with the reality of rising FSA fees, PI costs and the impact of TCF – not to mention capital adequacy.””

It is also linking up with the Institute of Financial Services to offer advisers access to a new ifs school of finance diploma once level 4 accreditation is achieved. This will sit alongside its existing relationship with the Chartered Insurance Institute.”


Figure skating

I will be happy to put my money into personal accounts if they can guarantee me an annualised return of 5.1 per cent above inflation. Sadly, even such ambitiously high performance figures will not be enough to make personal accounts an appealing prospect for many low or average-earners with 20 years or less to retirement.

Green light

After the derision heaped on a Treasury minister who dared to utter the phrase “green shoots”, I am only too well aware of the dangers that those words carry in the current climate.

People on the move: Investment 19/02/2009

Credit Suisse’s global head of fixed income Paul Griffiths will join Aberdeen in the same role after the group’s proposed acquisition in June. Griffiths will replace Gary Bartlett, who has departed the company.

£48Bn plunge for fund firms

Leading fund firms lost around £48bn of assets in 2008, with Fidelity International seeing £8bn wiped out, research from Money Marketing has revealed.

Risk-free path to pensions is a myth

Robin Geffen, Fund Manager and CEO Are you taking enough risk? Robin Geffen, Founder of Neptune and Manager of the top performing Global Alpha Fund, discusses the importance of accepting enough volatility in planning for retirement. Click here to read the full article Important information Investment risks The value of an investment and any income from […]


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