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Cautious thumbs up after IFAs meet with Sandler

IFAs have given Ron San-dler a cautious thumbs up for demonstrating a thorough knowledge of the issues affecting the industry, according to several IFAs who met with him this week.

Seven IFAs of the Group of 15 signatories of an open letter which appeared in Money Marketing in August had a two-hour meeting with the head of the Treasury-commiss-ioned review of the retail savings industry.

Among the topics discussed were commission fees, education stand-ards, qualifications, pol-arisation and investment knowledge of IFAs.

The seven advisers say they were encouraged by Sandler&#39s willingness to listen and his open-mindedness on many of the subjects.

This was the first time Sandler has had face-to-face talks with such a div-erse group of IFAs. Included in the group were investment specialists, a retirement planning adv-iser, a senior member of a big network and smaller players from the IFA community.

The 15 IFAs originally wrote to Sandler challenging him to meet with practitioners before he made any further assumptions about how IFAs work.

One IFA present at the meeting says his only concern is whether Sandler will be allowed to make recommendations if the Treasury does not agree with them.


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