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Committed to IFAs

In response to the letter headlined, A promotional blunder (Money Marketing, August 8), IFAP has no plans to offer a service that promotes multi-tied advice. IFAP remains committed to promoting independent advice in a depolarised world and will continue encouraging increasing numbers of people to take advice from our member IFAs.

David Elms

Chief executive,IFAP, London


New Star brings property fund in-house

New Star UK Growth Fund has appointed Stephen Whittaker to run the group&#39s property unit trust, bringing the management and administration in-house from Liberty International subsidiary Capital & Counties. Whittaker will run 20 per cent of the assets listed in property company shares while new recruits Roger Dosset and Ken Malone will oversee the rest […]

WPA says network brokers don&#39t know industry basics

Western Provident Association says networks should do more to ensure that brokers understand the basics of the way their industry works before being allowed to give financial advice. Corporate business director Adrian Humphreys says the biggest networks are not ensuring that all their brokers and advisers fully understand areas such as professional indemnity, compliance issues […]

IFA enthusiasm on wraps

Ninety per cent of IFAs are aware of wrap accounts and want to introduce the concept to clients, says consultancy CWC Research. Its survey of 100 IFA firms shows investment IFAs already use supermarkets for 75 per cent of appropriate business and 95 per cent of IFAs believe wraps will grow considerably. It says 45 […]

IFAs cast doubt on profitability of stakeholder

Sixty per cent of IFAs believe the new stakeholder products will not have much of an impact on their business and 50 per cent to do not intend to sell them according to a report by market research company Datamonitor . A third of IFAs said they would need premiums of at least £200 per […]


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