IFA Life is considering setting up a representative body following Aifa’s announcement that it will allow restricted advisers to become members.
The firm, which has almost 7,000 members, is planning a meeting in late August or early September to assess potential support for the idea.
IFA Life founder Philip Calvert says: “It is something that gets mentioned to us a lot from members and we will be talking to IFAs to see what they want from us. IFA Life has always been about what IFAs want.”
Aifa has today confirmed it will open its membership to restricted advisers and rebrand to reflect the change as part of a radical restructure. Membership will not be open to single-tied advisers.