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Back in the day: June 2005

This week, Team MM stumbled across an old newspaper clipping. It told of one man’s quest to convince his local library to reinstate a subscription to Money Management magazine after its decision to stop stocking it.

Sadly, it seems the library did not relent. But, in honour of Mr Graham Tilston’s crusade, we are taking a look at the issue he was pictured with in the paper: June 2005.

The upfront section revealed teething problems with the new CFP exams, with readers complaining of errors in the course guide and sample exams. It also revealed that what was then the Association of Independent Financial Advisers (Aifa)– had opted against admitting multi-tied advisers as members. It has clearly had a rethink in recent years with its acceptance of restricted advisers and renaming to Apfa.

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Making the cover this month – written by our editor Jon Cudby, back when he was deputy editor – was a story on friendly societies making a comeback. While its prediction that child trust funds may give them a new lease of life may now have fallen by the wayside, many friendlies are still going strong today.

In other news...

Remember the Crazy Frog song? The hit record that started as a ringtone reached number one in the charts on 4 June.

On 11 June, the G8 announced the cancellation of multilateral debt for 18 of the poorest countries in the world.

Finally, 19,000 people gathered at Stonehenge to celebrate the rising sun on the summer solstice on 21 June.