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Aifa e-academy leads RDR aid for advisers

Aifa has launched its business transition programme to help firms meet the demands of the retail distribution review.

The first stage of the joint project with Skandia is an e-academy which will launch in early July.

The steering group includes Baigrie Davies director Amanda Davidson, Helm Godfrey head of employee benefits Roger Sanders, Origen managing director Stephen Greenstreet, Aifa director general Chris Cummings and Skandia chief marketing officer Giles Elliott . Financial services consultancy NMG has been appointed to deliver the programme.

Cummings says: “The online academy will launch at the beginning of July and the first phase will include a tool to help firms conduct a self-assessment on what they need to do to prepare for the RDR. This will help shape the online academy and the events we will run around the country during the second half of 2009.

“The transition work will allow members to prepare their firms for the post-RDR world and to make a smooth and successful transition.”

Skandia chief marketing officer Giles Elliot says: “The RDR poses challenges for the IFA profession but, with the right support from the industry and its trade body, IFA firms will be well equipped to meet these tests.”

Calculis director Alex Pegley adds: “Some of the older IFAs tend to bury their head in the sand and I think that is what Aifa is trying to get at. It is trying to make these guys realise that it is not going to go away and you have got to do it.”

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