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Smee says IFAs must encourage youth

At this week&#39s Institute of Financial Planning conference at Warwick University the message on how important education and technology are to IFAs was drummed home to members.

In a question time session Aifa director general Paul Smee criticised IFAs for their reluctance to recruit and train graduates and encourage young, educated people to join the profession.

In a session called “How to put the &#39Para&#39 in Paradise&#39 London-based Bloomsbury IFA director Jason Butler explained how their investment in IT and employing graduate paraplanners has increased their profitability.

And technology consultant Richard Arundel told IFP members to make the best use of business-to-business portals like The Exchange and Assureweb/M-link – which cannot be accessed by consumers – to get the best products and quotes for clients.


NU kids on the £20m starting blocks

Norwich Union is backing UK athletics with a five-year £20m sponsorship deal which covers the British team and major domestic televised meetings.More than £4m will be invested in grassroots development initiatives to encourage young people into athletics.Pictured at the Thames Valley Sports Centre, Eton are (left to right): Philip Scott, Chief Executive of Norwich Union […]

Asian markets volatile ahead of New York opening

The Nikkei 225 index closed down 5.05 per cent at 9504 today, a 17 year low, as markets showed nervousness ahead of today&#39s opening of the New York Stock Exchange.The NYSE will open at 2.30pm UK time, and analysts are expecting an initial fall, possibly as far as the 10 per cent fall in European […]

L&G adds lifestyle option

Legal & General is offering a new lifestyle option on its pension fund range.The global equity index/ index-linked gilt lifestyle option invests initially in the global equity index fund before switching gradually into index-linked gilt and cash funds.The life office says the move demonstrates its commitment to IFAs by bringing the total number of lifestyle […]


Do you believe the events in the US last week will lead to a global recession?“No, because I do not think the world&#39s economies will allow it to.”Keith Jarman, Hughes Carne IFA“No. There might be a sudden downturn in share values when markets reopen but I anticipate the market recovering slowly afterwards.”Terence Donaghue, Donaghue & […]


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