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Stress the biggest threat to IFAs

Forget the FSA, stakeholder, the Government, the end of endowments and commission as we know it &#45 the biggest threat to IFAs business is stress.

Advisers are being urged to douse themselves in therapeutic oils to combat stress following research by The Association of Insurance and Risk Managers that says stress represents a bigger threat to UK businesses than e-commerce, IT malfunctions and industry consolidation.

And Bupa has chimed in by urging them to become “new men” to cut down on stress.

The Association interviewed its 900 members drawn from the fields of industry, commerce and finance and found 88 per cent rated stress among employees as the biggest threat to their organisation.

The findings have prompted stress counselling experts to issue top tips IFAs can utilise, such as frequently splashing their wrists with essential oils through out the day and smelling them to help keep relaxed and investing in executive toys to keep their physical and mental well-being in check.

They also advise intermediaries to take time off to eat their lunch away from their desk, look out the window every 20 minutes to rest their eyes and become more adept at separating work life from home life.

Bupa professor of organisation psychology and health Cary Cooper says: “IFAs need to be new men and support their partner by being able to separate work and home life and also to learn to live with job insecurity.”


Exchange set for free EMX

The Exchange is planning to give IFAs access to Autif&#39s EMX electronic trading platform free of charge.The Exchange is set to thrash out commercial terms which could enable it to offer its 12,000 IFA users the service free of charge. It says Autif&#39s trading initiative has to be viable for IFAs.The Exchange does not charge […]

Zifa “endorses greater professionalism”

Zurich IFA Group is giving members of its mortgage network free Certificate in Mortgage Advice and Practice training in a move to “endorse professionalism in the industry”.ZIFA is running a national programme of 60 one-day revision courses featuring practical CeMAP revision over the next few months.CeMAP revision delegate Lee Warman of ABG Financial Services says: […]

Bumper Isa season kicks off

January saw the highest demand for Isas since their April launch, according to MarketMinder&#39s Isa tracking report.The research, based on 2,000 face-to-face interviews, showed thirteen per cent of savers are “likely” and four per cent are “very likely” to buy an Isa. This compares with a total of just seven per cent of investors surveyed […]

Calls to toughen up mortgage regulation

The Council of Mortgage Lenders and the Consumers&#39 Association has hit out against the Government&#39s latest mortgage reform announcements.Both organisations fear the plans to regulate lenders but leave advisers outside of FSA monitoring do not go far enough.CML director general Michael Coogan says: “There are still many pieces of the regulatory jigsaw to slot into […]

Happy while you work

Well we’ve had scorching weather (yes even up here in Scotland!) and now the Euros 2016 are on – you can’t blame people for wishing life was just one big holiday.  With all these distractions it sometimes feels like work just gets in the way of having a good time! But sunny day skivers are […]


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