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Clerical fears Skandia deal is part of wider trend

Clerical Medical fears Skandia&#39s bid for Bankhall is part of a wider trend which could see a handful of providers controlling most of the IFA distribution.

Clerical&#39s head of strategic marketing David Shelton says deals such as Skandia&#39s could lead the public to call into question the integrity of the advice they receive from provider-owned IFAs.

He believes there may be competition issues if the trend continues and says it is preferable for life offices to take smaller stakes in IFAs with a number of other providers.

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