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Your profession

IFP appoints Steve Gazzard as interim CEO

The Institute of Financial Planning (IFP) has appointed Steve Gazzard as its interim CEO with immediate effect.

clock 31 July 2013 •

Regulation

APFA demands three-year FCA budget freeze

The Association of Professional Financial Advisers (APFA) has asked for the regulator's budget to be frozen for three years, so it can provide a cut in real terms.

clock 31 July 2013 •

Wrap/platforms

FCA agrees to clarify stance on legacy cash rebates

The Financial Conduct Authority (FCA) has agreed to issue further guidance on the treatment of legacy cash rebates as part of its next quarterly consultation paper.

clock 31 July 2013 •

Your profession

Share placing ramps up Brewin's capital as it focuses on growth

Brewin Dolphin raised £38.6m through its recent share placing, which aimed to create £40m of new capital to fund investment in the business.

clock 31 July 2013 •

Your profession

TCC acquires compliance firm Swaines

The Consulting Consortium (TCC) has acquired compliance provider Swaines.

clock 31 July 2013 •

Charging

Informed Choice: We admit it, we got it wrong on pricing

Financial planning business Informed Choice is overhauling the way it charges clients after admitting it had under-priced the advice element of its offering.

clock 31 July 2013 •

Adviser tips

JPM offers structured CPD through sales managers

J.P. Morgan Asset Management (JPMAM) is offering structured continuing professional development (CPD) to advisers through bespoke meetings with its sales managers.

clock 30 July 2013 •

RDR

IFA builds exec-only offering for sub-£50k clients

A Berkshire-based IFA is in the process of building an execution-only offering for existing clients with investable assets of £50,000 or less, but who no longer want to engage with the firm's advice process.

clock 30 July 2013 •

Regulation

FCA takes investment firms to court over 'illegal' promotions

The Financial Conduct Authority (FCA) is taking action against at least 16 firms or individuals who it believes are running or promoting investments illegally as collective investment schemes (CISs).

clock 30 July 2013 •

Investing in the profession

CII launches qualification for investment operations staff

The Chartered Insurance Institute (CII) has launched a new qualification for staff overseeing investment operations functions.

clock 30 July 2013 •
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