SimplyBiz reports high exam take-up but pushes for practical test

15:03 | 05 Jan 2009 | By Richard Harris

SimplyBiz advisers will take 2,400 exams with the CII this year, but chairman Ken Davy said work-based qualifications were needed to prevent the post-RDR world being 'forever stained' by an adviser exodus.

Number of certified financial planners hits 900, says IFP

13:58 | 19 Dec 2008 | By Michelle McGagh

The number of certified financial planners (CFP) has reached 900 with the Institute of Financial Planning (IFP) expecting the 1000th adviser to obtain the qualification in the first quarter of 2009.

ANZIF defends finances over CII 'discrepancies' concern

13:56 | 19 Dec 2008 | By Michelle McGagh

The Australian and New Zealand Institute of Insurance and Finance has defended the financial management of the body after the Chartered Insurance Institute cited ‘financial discrepancies’ for halting the merger between the two.

FSA paper calls for solutions to lack of financial education

11:26 | 19 Dec 2008 | By Richard Harris

The Financial Services Authority has published a discussion paper on consumer responsibility, which the Financial Services Consumer Panel has labelled an 'assault' on consumer rights.

FSA paper proposes increased scrutiny of individuals

10:33 | 19 Dec 2008 | By Richard Harris

Senior managers including non-executive directors will be vetted under new Financial Services Authority proposals, as the regulator shifts its focus from firms to individuals.

CII halts plans for merger with Australian body over financial qualms

12:15 | 18 Dec 2008 | By Michelle McGagh

The Chartered Insurance Institute has scrapped plans for a merger with its Australian counterpart after finding ‘financial discrepancies’ in its accounts.

SimplyBiz defends cap ad loan fund from Threesixty criticism

12:52 | 16 Dec 2008 | By Richard Harris

SimplyBiz has reacted to Threesixty's criticisms of its subordinated loan fund, designed to support member firms meet increased capital requirements.

Ditch KPIs to move to professionalism, says Lang

09:30 | 15 Dec 2008 | By Richard Harris

Advisers will never sit alongside lawyers and accountants if their key performance indicators include targets such as new clients per week, according to adviser founder John Lang.

Firms still in dark over principles-based regulation

14:34 | 11 Dec 2008 | By Daniel Grote

A new survey from the Financial Services Practitioner Panel shows that even after two years, most firms feel the FSA hasn't been clear about how principle-based regulations will work.

FSA issues guidance on adviser funds

09:00 | 11 Dec 2008 | By Daniel Grote

The Financial Services Authority has given the most detailed guidance to date on the growing adviser funds sector, warning of potential conflict of interest issues and urging IFAs to consider commercial viability.

2plan: new capital adequacy plans 'inadequate'

10:29 | 09 Dec 2008 | By Daniel Grote

National IFA 2plan says FSA proposals to raise capital adequacy requirements for advisers will not be enough to save firms hit by large professional indemnity insurance claims.

HBOS tied adviser arm joins chartered club

16:07 | 03 Dec 2008 | By Iain Martin

The Chartered Insurance Institute has awarded corporate chartered financial planner status to a tied-firm - Bank of Scotland Investment Service - for the first time.  

Former FSA boss Foot to lead UK tax haven review

18:06 | 02 Dec 2008 | By Iain Martin

Former FSA boss Michael Foot will lead the government's tax haven review set up in the wake of the Icelandic banking crisis.

Indemnity ban: Are lump sums the answer for low earners?

09:00 | 02 Dec 2008 | By Edward Lander

An indemnity ban could change the way lower income earners save for their future, according to Graham Newitt, managing director of wealth transformation at Legal & General.

Strong backlash after FSA dumps sales/advice split

09:00 | 02 Dec 2008 | By Richard Harris

Advisers and consumer groups have derided the term 'sales adviser' proposed by the FSA in last week's feedback statement to the retail distribution review.

QCA fog could waste advisers’ time, warns Aegon

09:00 | 02 Dec 2008 | By Iain Martin

Aegon has warned advisers could sit unnecessary exams unless the Financial Services Authority (FSA) clarifies what the QCA level four benchmark will comprise.

Sesame chairman vows to continue push for non-academic assessment

09:00 | 02 Dec 2008 | By Iain Martin

The fight for vocational assessments for experienced advisers in place of exams and the introduction of a 15-year time bar on complaints is not over, says Sesame chairman Ivan Martin.

Engage with FSA over cap ad proposals, urges Page

09:00 | 02 Dec 2008 | By Richard Harris

The Financial Services Authority's proposals on capital adequacy are not as bad as some feared, but advisers have paid the price of failing to respond to the discussion paper according to Bury St Edmunds-based IFA Tim Page.

Regulator brings wrap use into independence debate

09:00 | 02 Dec 2008 | By Daniel Grote

Wraps could figure in the debate over adviser independence after the FSA shifted its stance from the old whole-of-market criteria to a more service-based approach in its RDR feedback statement.

Lord Lipsey resigns as consumer panel chairman

13:25 | 28 Nov 2008 | By Michelle McGagh

Lord David Lipsey has resigned as chairman of the FSA's consumer panel just three days after he voiced concerns that the retail distribution review had been diluted.

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