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10 per cent rise in IFAs since depolarisation, says IFAP

There has been a 10 per cent rise in IFA firms since depolarisation, according to research from IFA Promotion.
The research, from IFAP’s State of the IFA Nation, confirms provider predictions that depolarisation would see a sharp contraction in the IFA sector were well wide of the mark.
IFAP says the research shows the IFA community is more robust than ever.
The research also shows nearly two thirds of IFAs, 63 per cent, have their own website while 96 per cent are now contactable through email.
IFAP chief executive David Elms says: “Over the last few years, the advice industry has rapidly changed. Regulatory changes coupled with a more informed customer, have led to IFA firms re-evaluating their business models. The client is king and IFAs are responding to consumer demand- but there is still more that they can do.”


House rules

A father seeks advice on the best way to provide a home for his errant son

Problem credit card customers to face ‘card rate rises’

Credit card customers who persistently pay late or exceed their limit could face increases in their rate charges financial services company Defaqto has warned.The group also believes annual credit card fees are likely to be imposed as the industry reacts to a regulatory crackdown according to Defaqto’s report.The potential tough tactics could come as a […]

Abolish loopy indemnity

What an interesting article from Peter Hargreaves about killer commission. I do not agree with him that IFAs will be dead in a few years. People have been saying that for many years and it never happens. I may well be dead but from a physical, not a business, point of view. I do not […]

Pearl criticised over delays

Pearl Assurance has been accused of communication failures that could have led an adviser to give his client the wrong advice.CBK principal Peter Chadborn says despite repeated requests, Pearl initially provided only basic information on a client’s endowment policy and did not produce maturity projections until two months later.He says he would have originally advised […]


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