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RDR Interim Report: Advice and sales channels blurred, says IFP

The Institute of Financial Planning has slammed the FSA’s proposals to divide the financial services sector into advice and sales channels.

Chief executive Nick Cann says he is disappointed that the general financial planner category has been replaced by sales and insists the distinction between advice and sales needs to go further.

He says consumers won’t be able to differentiate between the two channels as advisers will still be selling products.

He adds: “This doesn’t move the market forward to where we want it to be. We support the move towards higher standards and qualifications, but the advice and sales channels are too blurred, especially given the current economic situation.”


Joe and the dragon

Entrepreneurs’ relief is on the face of it a very simple relief. Most people who have considered it will tell you that it delivers an effective rate of 10 per cent on chargeable gains of up to £1m made on the disposal of a qualifying business asset. Most will also probably know that the £1m limit is a cumulative lifetime limit.

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]


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