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Reid to be PFS president

Robert Reid is to take over from Carole Nicholls as president of the Personal Finance Society in November.

Reid has been selected by the PFS board and the handover will take place at the society’s annual conference after it has been finalised by voting by members.

Chartered Insurance Institute spokesman Elliot Lane says: “Robert Reid is an extremely active member of the PFS and has been for many years. He is a leading figure in the financial planning market and was an obvious choice to replace Carole Nicholls.”

Reid says: “I would like to improve the profile of the Personal Finance Society in the public domain so people use PFS members as a matter of course. I would like to think we could find a way through the retail distribution review to members’ benefit.”


FSA bans Liverpool IFA

The Financial Services Authority has stopped Michael Sheron from carrying out regulated activities after finding that he was not fit and proper to oversee or manage a business. Sheron was a partner at Sheron & Company Financial Advisers and was solely responsible for its day-to-day business. The FSA found that Mr Sheron lacked competence and […]

Take stock

The FTSE 100 index fell by over 200 points on July 26, its biggest fall in five years, and with the stockmarket highly volatile ever since, the cautious and the elderly should consider guaranteed equity bonds.

Remortgaging bolsters lending

July’s gross mortgage lending reached £21.3bn, 12 per cent higher than the same time last year according to the British Bankers’ Association. The BBA says the strength of lending figure reflects higher levels of remortgaging activity.


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