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Broker Talkback

Do you agree with Aifa that the IFA model is not broken?

Yes 100%

“I think it might be bent but not broken”.
Su Page, Select Financial Management Limited

Yes “It allows the general public access to truly independent advice, which they would not receive from a bank.”
Simon Bosson, Amethyst Financial Management

Yes “The sector is thriving, thanks in no small part to the personal service that IFAs offer.”
Colin Remfry, County Perry Insurance

Yes “It has worked well and continues to work well and I believe the FSA is wrong to presume there is an underlying problem with the IFA sector.”
Paul Lynas, Paul Lynas Associates

Yes “IFAs have been around a good while and people have always been trying to get rid of them but they haven’t succeeded yet, nor do I think they will.”
David Rigby, Beresford Insurance Brokers

Yes “I would agree that the IFA model is not broken. I think to say that is going too far. But I do think the sector should be reviewed as it could do with an overhaul in some areas. There are a lot of problems in certain areas of the market that should be looked at.”
Barry Robinson, Advance Financial Management

Yes “Some of these groups that are criticising the IFA model do not know what they are talking about. They just want to change things for the sake of it.”
Jeoff Parr, Safeguard Financial Management

Yes “All those people who need financial help need IFAs. Not everyone wants to go to the big banks. Some people want a more personal touch and that is what IFAs can offer.”
Susan Mosley, Blue Belle

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