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Prestwood launches financial planner mentoring programme

Prestwood Group, the company behind Truth and Prestwood Software, has launched a coaching and mentoring programme to help financial planners transition their business ahead of the retail distribution review.

The programme is spread over four to six months and includes tutorials and practical support. It is led by a team of eight mentors based across the UK who will provide tailored support and mentoring to firms, as well as recommending processes.

The mentors are: Yvonne Goodwin Wealth Management managing director Yvonne Goodwin; Johnston Financial founder Adrian Johnston; Astute Financial Planning founder Ian O’Connor; Institute of Financial Planning vice president Marlene Shalton; Stafford and Co partner Phil Stafford; Hudsons senior partner Richard Hudson; Dunham Financial Services director Rebecca Taylor; and Broadway Financial Planning founder Simon Williamson.

Prestwood Group chairman Paul Etheridge says: “What we are seeing all the time are large numbers of advisers who are trapped in a transactional business process and see no way for them to move their business model to become RDR compliant. 

“The RDR gives advisers so many great opportunities to change the way they do business. Our coaching and mentoring programme provides a well-structured approach to transition combining intense tutorials with on-the-job implementation.

“The programme is subsidised by Prestwood to encourage participation at all levels of the business.”


Zurich hit with £2.3m fine for data loss

The FSA has fined the UK branch of Zurich Insurance £2.3m for failing to have adequate systems and controls in place to prevent the loss of customers’ confidential information. The fine is the highest levied to date on a single firm for data security failings and follows the loss of 46,000 customers’ personal details, including […]


Fidelity attacked for not allowing in-specie windfall Isa transfers

Advisers and investors have slammed Fidelity for not allowing in-specie transfers out of its windfall Isa account to other managers. Last week, Money Marketing revealed that Fidelity was to close the accounts on October 1 after the number dropped from 200,000 to 34,000. Investors can switch into any fund on Fidelity FundsNetwork or transfer out […]


Ex-Life Trust chief looks to buy up firms

Former Life Trust chief executive Andy Briscoe has secured private equity backing and is looking at a broad spectrum of financial services companies as potential acquisition targets. Briscoe would not expand on the types of businesses he is looking to acquire and refused to comment on whether he is in talks with any firms. He […]

HMRC helping to remove artificial gains

An investment bond offers investors certain tax advantages, one of which is the ability to take partial surrenders from the investment. This facility allows the policyholder to withdraw amounts up to 5% of the amount invested each policy year on a tax deferred basis, without incurring any immediate tax liability. This tax deferred allowance can […]


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