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AIFA welcomes financial capability scheme

The Association of Independent Financial Advisers has given its support to the governments financial capability scheme, which will see the launch of a national generic financial advice service.

Chris Cummings, director general of AIFA, says: Any move to improve financial understanding and capability among the general public is a step in the right direction.

“We believe there is a major difference between generic information and generic advice – the two must not be confused.

Information, by its nature, is generic but advice implies a personal understanding of someone’s individual needs.

Consumers need to have the reassurance of which is being delivered if problems are not to arise in the years ahead.

“AIFA has, since inception, been heavily involved in the financial capability programme and we support its aims and objectives.

We will offer every assistance to support the creation of the centres as we recognise that this initiative will increase the public’s perception of just how valuable a commodity professional advice can be.”


DCLG launches new housing agency

The government has unveiled proposals for a new agency to deliver regeneration and housing in a major shake-up of the way it supports the delivery of new homes and develops mixed, sustainable communities in England.The proposed agency – Communities England – will bring together the functions of English Partnerships, the Housing Corporation, and a range […]

MAB expands sale force

Mortgage Advice Bureau has expanded its sales force with the appointment of a regional sales director for the Midlands and two area sales managers for the south of the UK. David Pearce has joined MAB as the regional sales director for the Midlands and is responsible for overseeing all sales operations from Gloucester to Liverpool. […]

Learning to trust automated systems

The use of automated decisioning systems improves the consistency and speed of underwriting and the accuracy of data. It also facilitates volume lending. Perhaps you agree with me here, but thinking auto-decisioning is better is one thing and proving it is another.

Tudor launches online applications

Tudor has revealed that it now offers online applications for over 20 of its lenders.Jason Rogerson, managing director of Tudor, says: Technology developments are the key to packagers and distributors prospering over the coming year or two. “Those companies that dont grasp technology with both hands simply wont survive.From a practical point of view we […]

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Financial advice can benefit customers by £40,000

New research shows those customers who receive financial advice can be better off on average by £40,000 We’ve sponsored a research project with the International Longevity Centre – UK (ILC-UK) to produce ‘The Value of Financial Advice’ report. This independent research demonstrates that customers who take financial advice can, on average, be £40,000 better off than those […]


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