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Bankhall is back with Aifa and pays fees for members

Bankhall is rejoining Aifa and its advisers will now get membership of Aifa paid out of their fees to the firm.

The company says the move affirms its commitment to independent financial advice and underlines its support for the work of Aifa’s Chris Cummings and the ombudsman and feel that this will bolster its own lobbying efforts.

The membership will offer regional networking events, best practice notes and factsheets on regulatory and legislative changes. Mem- bers will also receive an Aifa newsflash service via Bankhall online and market representation.

Bankhall chief executive Peter Mann says: “Bankhall has always recognised its responsibility in lobbying the FSA, ombudsman, product providers and other market participants on behalf of our members, strongly believing that a healthy challenge is vital to ensuring that the voice of the intermediary is heard.”

Aifa director general Chris Cummings says: “I am delighted that Bankhall has taken up membership of Aifa. As the profession’s trade body, Aifa needs strong and supportive members who are willing to support us actively.”

Bankhall member Redwood Partnership operations director Michael Searle says: “This will give us more of a forum for talking to the Government and other organisations. We have not been members previously and we can now use membership to lobby on any issues, such as any potential pension implications following last week’s Turner report.”

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