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Sofa to offer student membership

Trade body Sofa will offer student membership for those studying for the FPC exam. It will offer a complete range of events to support students in their studies as we ll as encouragement to achieve their full potential.

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ABI mystery shopping to probe commission

The ABI is to conduct its first-ever mystery shopping exercise of IFAs, focusing on how commission affects the way in which long-term savings are sold. Consultancy Charles River Associates will be working with polling organisation NOP to conduct the research, which is part of a drive by the ABI to promote greater public confidence in […]

New non-exec for regulator&#39s board

The FSA has appointed Hugh Stevenson, chairman of Equitas and of Merchants Trust, as a non-executive director to its board. He will be on the board from June 1 for a three-year term. Stevenson was previously chairman of Mercury Asset Management Group, and prior to that was SG Warburgs managing director.

Tory plan for shared equity

The Tories are proposing to introduce “shared equity” plans to help first time buyers get on the property ladder. Buyers would pay half or two-thirds of the total cost while the remainder would be borne by the mortgage lender or developer. The company would then retain that proportion of the value of the home, with […]

Swansong for one-man bands

Broking is a cottage industry, if ever there was one. MCCB registration data tells us that around 10,000 broker firms have a total of 30,000 advisers. As many as 8,000 firms are sole traders. The future for a high number of small firms looks seriously bleak unless their operating models change. To help us second-guess […]

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MPAA consultation

By Fiona Tait, pensions specialist The chancellor’s announcement of proposed cuts to the Money Purchase Annual Allowance means it will be more important than ever to be able to tell your PCLS from your UFPLS What was in the statement? Not much. The chancellor spared three sentences to inform us that the Money Purchase Annual Allowance will be reduced […]

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