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90% of members happy with IFAP efforts

Nine out of 10 IFA Promotion members are satisfied with its efforts to promote the benefits of independent advice.

A survey carried out by IFAP last year revealed that 91 per cent of its members are happy with its work while 67 per cent say their membership represents good value for money.

The survey, which is based on written responses from 1,765 IFAP members, also shows that 82 per cent of consumer leads generated by the promotional body resulted in business for members.

Sixty-four per cent of members say the use of the blue £ sign is a key benefit while 85 per cent see it as the symbol of independent advice.

Chief executive David Elms says: “Despite stockmarket volatility and concerns around a number of financial issues, 2003 has proved to be IFAP&#39s best yet for providing our members with membership value. We generated over 330,000 new business leads for our members and continued to raise the positive profile of independent advice.

“The year ahead will be a challenging one for financial services and for the advisory market. However, we head into 2004 stronger than ever in the knowledge that we have members&#39 overwhelming support for the wide-ranging marketing programme that IFAP carries out on their behalf.”


L&G&#39s protected plan offers 21% minimum

Legal & General&#39s latest capital-protected product is offering a minimum return of 21 per cent or 50 per cent of any growth in the FTSE 100 index, whichever is greater at the end of six years. Capital Protection Plus 2, which is available for a six-week period until February 27, has been given a low-risk […]

Preferred Mortgages launches new product range

Specialist lender Preferred Mortgages is launching a new product range on January 19th. The new range is a revision of the 2003 range however the discount periods will be extended, with the one year discount up to 1.50 per cent now available until 30th April 2005 and the two year stepped discount up to 1.75 […]

Skipton Building Society – Flexible 10 Year Fixed Rate Mortgage

Type: Flexible fixed-rate mortgage with discount Discounted term: Until March 31, 2005 Discount:0.25% Payable rate: 5.99% Fixed term: Until March 31, 2014 Fixed rate: 6.24% Minimum loan: £5,000 Maximum loan: Up to 95% of valuation subject to a maximum of £200,000, up to 90% of valuation subject to a maximum of £300,000, up to 85% […]

FSA to launch independent review of Standard Life

The FSA is to commission a review by independent experts into the origins and implications of Standard Life&#39s problems. It says it will also review the impact on policyholders of the measures proposed by the company during its present crisis and monitor “in the interests of policyholders” the decisions made by Standard Life following its […]

Inheritance Tax, a tax on the wealthy? Urban myth or fact?

By Kim Jarvis, Technical Manager with Canada Life’s ican Technical Services Team. Inheritance tax has been around in some form since 1796. Estate duty dates back to 1894 and over the years this tax has evolved into the inheritance tax (IHT) we know and love today, which was introduced in 1986 as a replacement for […]


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