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Virtual adviser admin support service launches

A former financial services operations manager has launched a virtual admin support and PA services firm for financial advisers.

Intuitive Virtual Assistant Services has been launched by Debbie Condon, who was previously Broadstone Pensions & Investments operations manager and most recently Seven Investment Management deputy head of operations. Condon has also worked as head of administration at IFA firm Fiona Price and as administration manager at Brooks Macdonald Asset Management.

The service allows advisers firms to hire a virtual assistant, who would work remotely as a self-employed contractor. The service also includes recruitment support.

Basic rates for the service start from £25 an hour, with the option of a monthly retainer for firms who want a regular admin support service. An out of hours service is also available.

Intuitive Virtual Assistant Services founder Debbie Condon says: “There are very few virtual assistants in the UK who have financial services experience. One of the benefits firms have is flexibility to use the service as much or as little as they choose. As I only charge by the hour, firms only pay for the time I am handling their work.”


Pair jailed over £145k gift aid fraud

Two unregulated financial advisers who fraudulently tried to claim almost £145,000 in gift aid have each been jailed for two years. Raymond Agbo and Akua Owusu, who ran unregulated financial services firm Mondvi & Co, claimed fictitious UK taxpayers had donated to the Church of Grace Ministries UK. Owusu provided advice and services on gift aid […]

RBS reports £5.2bn pre-tax loss

Royal Bank of Scotland made a pre-tax loss of £5.2bn in 2012, compared to a £1.2bn loss in 2011. This is due in part to the significant sums the bank set aside for the misselling of payment protection insurance and interest rate swaps. Last year, RBS made a further £450m provision for PPI misselling, bringing […]


Sanlam acquires two more IFA businesses

Sanlam Private Wealth has acquired two new IFA businesses for an undisclosed sum. The firm has bought Professional Connection, which has 500 clients and £71m under advice and Berkeley Associates, a firm with over 450 clients and £26m in advised assets. Sanlam UK head of marketing Giles Cross says: “Sanlam will continue to offer owners […]

Schroders reopens Jones’ US small and mid-cap funds

Schroders has reopened Jenny Jones’ US small and mid-cap strategy after it was closed to new investors two years ago. The asset manager has reopened the range, which includes the Schroder US Small and Mid Cap Opportunities fund, the Schroder ISF US Small and Mid Cap Equity fund and a number of other mandates, after […]

Cricket - thumbnail

England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.


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