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‘Membership message was being lost’: Former IFP president Marlene Outrim’s verdict on CISI merger

Should advisers leave fund picking to DFMs?

The Institute of Financial Planning (IFP) is proposing to merge with the Chartered Institute of Securities and Investment (CISI) in a bid to accelerate the growth of financial planning in the UK.

The Money Advice Service (MAS) is helping to launch a £700,000 fund to trial ways children as young as three years old can be taught the tools and information they need to manage their money later in life.

The Money Advice Service (MAS) made a loss of £786,000 last year and has confirmed it will not return any capital to the industry.

Clients insisting on going against their adviser's recommendations should be asked to put their instructions in writing to show they are aware of the risks, a compliance officer at support services provider SimplyBiz has suggested.

Adviser network Intrinsic plans to take on 220 new advisers from the closure of rival network Sesame.

Insurer Aviva has vowed to drive up the number of products held by its customers following the integration of former rival Friends Life and launch of a direct to consumer service.

IFA consolidator AFH Financial has bought Davisons Financial Management for a total of £2.9m.