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First State launches survey of IFA polarisation attitudes

Australian fund manager First State Investments and fund analysts Standard & Poor&#39s have launched a survey aimed at discovering what IFAs think about the FSA&#39s depolarisation proposals.

The study will look at whether the UK saving public can be convinced to recognise financial advice as a professional service which should be paid for by fees, whether IFAs can survive on fee income alone and what options IFAs are likely to follow if the FSA&#39s proposals come into effect.

Evaluation of responses will be processed within weeks by Standard & Poor&#39s teams in the US. The results will then be distributed to both IFAs and the FSA.

First State chief executive Rob Adams says: “We wanted to ensure there was quality research into proposed changes that could dramatically affect the livelihoods of thousands of IFAs. The survey is designed to crystallise IFA perceptions on the issues surrounding depolarisation and put them into hard statistical fact. Survey participants will have access to the information and we will make the findings available to the FSA.”

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