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Wide support for end to cherrypicked data

The FSA&#39s initiative to force firms to show discrete per-iods of five years when using past performance in advertising is widely supported by IFAs according to the State of the IFA Nation poll.

Seventy-eight per cent support the new FSA rules which state that firms will no longer be able to use “cherrypicked” data about past fund performance in ads.

Standardised data must instead be used showing discrete annual returns in the form of a table. With less than five years&#39 performance data available, a company should give much information as possible, updated to the previous quarter.

Clifton Associates of Bristol IFA June Williams says: “Anything that makes it easier for the clients is going to be useful. However, there is so much gobbledygook and statistics can be made to mean whatever you wish.”


Exchange aims for flying start with multi-ties

The Exchange is planning to steal a march on rival portals by rolling out its multi-tie deal ahead of depolarisation. The trading platform says it is announcing its plans now so companies planning to multi-tie can have fully functioning technology as soon as regulation is finalised. The portal is in advanced discussions with six IFA […]

Aegon AM appoints IFA relationship manager

Aegon Asset Management has appointed Lynsey MacDonald as business development manager for its retail team.MacDonald will develop relationships with intermediaries in the South West of England, reporting to head of retail sales Steve Kenny. She joins from Merrill Lynch Investment Managers, where she was assistant vice president.Kenny says: “Lynsey proved her credentials in a highly […]

Isis Asset Management – Isis Property Trust 2

Type: Closed-ended investment company Aim: Income and growth by investing in UK office, retail and industrial properties Minimum investment: Subject to negotiation with stockbroker Investment split: 43% retail, 34% industrial, 23% offices Place of registration: Guernsey Yield: 6.75% Charges: Annual 0.85% Commission: Subject to negotiation Tel: 0845 850 1515

FSA adds savings accounts to tables

The FSA has expanded its controversial product league tables to cover savings accounts. The tables will compare products from 109 companies covering around 80 per cent of the savings market. Providers which do not supply data will be highlighted as non-participants in the tables if they meet the minimum threshold for participation, which is 500 […]

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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