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Registered IFAs up by 40 per cent

The FSA has confirmed the number of registered IFAs has rocketed in the last three years by more than 40 per cent. Howard Davies announced the rise at a polarisation meeting in London on Thursday. He said: &#34Over the last three years the number of independent advisers registered with the FSA is up by over 40 per cent as direct sales forces have reduced.&#34


Monumental incompetence

Christopher Mellor made a very valid point over his deal-ings with that bastion of monumental incompetence, the PIA Ombudsman.I was subject to a complaint about paying my fees. I instit-uted court proceedings so the complainant, advised by another IFA, complained to the ombudsman. I was asked for £500 but refused on the grounds that the […]

AMP amplifies advice message

Now the £75m takeover of Towry Law is in place, AMP is finally hoping to lay the ghosts of pension misselling to rest and build AMP as a strong advice-led brand in the UK.UK managing director Tom Fraser, still less than a year into the job after joining from Norwich Union, has spent millions since […]

Morley focuses on Europe

Morley Fund Management, which is part of CGNU, has put the spotlight on Europe with the introduction of the European focus fund.Created as an open-ended investment company (Oeic), European Focus is aimed at medium-risk experienced investors who are looking for growth by investing in European equities.European focus will be based on the European element of […]

FSA will hit the ground running

At the end of November, the FSA will finally get its full authority and the era of the single regulator will arrive. But the new regulator has already been busy, both in terms of preparation and in pursuing a number of projects that have arisen along the way.Perhaps an indication of the ambitious attitude tow-ards […]

Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.


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