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Consumers could be confused, says IFAP

IFA Promotion warns that consumers may not be cear about different types of advisers when depolarisation arrives.
Chief executive David Elms says that there is still a ris that the public would not know the difference between multi-tied and independent advisers.
The new rules come into force on December 1, with a six month grace period for firms to comply.
Elms says: “Many people are unclear about where to get financial advice from.
“Whilest these changes will give consumers better information at the beginning of the advice process there is a risk that more types of adviser will add confusion.”

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A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.

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