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&#39Sandler must see value of IFAs&#39 – Torquil Clark

The industry should be encouraged to move towards charging fees if it wants to improve professionalism and consumer confidence, says IFA Torquil Clark in its Sandler response.

The IFA says in order to bring further clarity, advice must be separated from product purchase, a move which will increase the likelihood that consumers will view IFAs as offering a professional service.

Torquil Clark says independent advice is essential to combat the growing lack of understanding and confidence consumers suffer about the products themselves.

The firm agrees with Sandler about the lack of adviser knowledge on investment products, saying the general standard is not adequate.

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