Investing in the profession

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The Financial Skills Partnership (FSP) is to launch a plan to train 150 unemployed graduates as financial advisers.

The Money Advice Service (MAS) referred just 0.2% of its 1.3 million users to regulated financial advice last year, it has been revealed.

Ian Muirhead, previously managing director of SIFA has been promoted to chairman of the group.

The advisory arm of Sanlam UK has said it will move from a national to a 300-adviser network over the next five years.

Pershing has begun hosting its practice management programme in the UK for the first time, giving firms an insight into regulation, buying, selling and merging businesses, technology and changing client demands.

OUTPERFORM

Axa Wealth has appointed Ian Smith to lead the distribution strategy for the group's direct to consumer (D2C) proposition, which is due to launch later this summer.

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