View more on these topics

Wig sets up site to help women become advisers

The Women&#39s IFA Group is building a trainee database of women who

want to become financial advisers.

Wig is launching the facility on its website which will allow women

who want to train as advisers to store their details online.

Employers from any firm can access the database, which will include

CV details and the type of job sought.

The women joining the site are looking to move from admin to become

advisers and some have FPC qualifications.

The facility has been set up in response to calls and emails to

Wig from women looking for career advice on getting into financial


Fiona Price and Partners managing director and Wig chairwoman Fiona

Price says there are many women prepared to retrain although it means

they will reduce their incomes.

Some of the women are willing to do unpaid work experience for

several months as paraplanners.

Price says: “Recruitment is a very important and much neglected area

in independent financial advice.

“Our firm takes the grow your own approach to its own advisers. In

the past, many advisers gained their training in life offices or in

sales teams but more are now coming through from the admin

departments of financial advice firms.”


Britannic targets PLS market

BRITANNIC RETIREMENT SOLUTIONS PURCHASED LIFE ANNUITY Type: Purchased life annuity Minimum investment: Lump sum £10,000 Minimum age: 50 Income frequency: Monthly, quarterly, half-yearly, annually Charges: Implicit Commission: Initial 2% Tel: 0845 3003321 The panel: John Blunt, Senior manager, Advisory & Brokerage Services, Alex Benson, Associate, JM Taylor & Associates, Brian Pack, Principal, Brian Pack Financial […]

Pension doyen Bamford fails to get PI cover

The PI crisis could prevent one of the UK&#39s most high-profile andrespected IFAs from continuing in business independently, with Sofachairman and Informed Choice managing director Nick Bamford admittingthis week that he has failed to get cover.Bamford says he may have to merge with a bigger firm, despite therehaving been no claims made against his firm […]

£750k fine for BoS fund admin failure

Bank of Scotland has been hit with a fine of £750,000 by the FSAfor failures in administering its Pep and Isa funds between November1999 and August 2001.According to the FSA, BoS put 30,000 Pep and Isa fund customers atrisk of losing money and increased its own exposure to potentialfraud.The regulator says the bank&#39s systems used […]

Widows boosted by 25% increase in IFA business

Booming IFA business through Scottish Widows helped relieve the gloomof downbeat annual results from LloydsTSB.Widows&#39 sales last year via IFAs jumped by 25 per cent to£348.5m from £279.8m in 2001 on an equivalent premiumincome basis. The results mean Widows has increased its share of theIFA market from to 4.5 per cent from 3.8 per cent […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm