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Severn becomes new director-general of AIFA

David Severn, former head of retail investment policy at the Financial Services Authority, is to replace Paul Smee as director-general of the Association of IFAs.

Chris Cummings currently director of the Association of Mortgage Intermediaries has been appointed deputy director-general of both AIFA and AMI.

Fay Goddard will work on policy across both organisations.


Mystery shopper lifts lid on dodgy brokers

An industry mystery shopper has lifted the lid on unregulated brokers trading postMortgage Day, warning that many are flouting the law but remain undetected by the Financial Services Authority.Ironically, he reveals some of the worst offenders are continuing to work right under the nose of the FSA, within a five-mile radius of its Docklands-based headquarters […]

PFS sets up specialist faculties for financial planners

The Personal Finance Society, created from the merged membership of the LIA and SOFA, is to establish specialist faculties for corporate financial advisers and for financial planners.The new faculties will offer specialists their own programmes, based on issues of particular importance to their sectors. The faculty approach is already an established part of the CII, […]

AMG commissions xit2 to create customised system

The asset management group AMG has commissioned xit2 to create a customised system to support its business.The system, called TESSA, provides direct, secure access for clients to view live data and tailored management reporting and individual costs per property and even links into xit2s valuation and repossession exchanges.Utilising internet technology developed by xit2, TESSA also […]

Artemis Investments’ Outlook for 2016

Political change and the ‘normalisation’ of interest rates mean 2016 is likely to be another interesting year. But what will it bring for equities – and bonds? Here, a number of Artemis’ managers share their views. Click here to read the full article


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