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IFAA to promote fee based advice

The IFA Association is looking to promote fee-based advice among its members.


The Association is issuing a consultative paper entitled &#39Positive Discrimination for Fees&#39 which proposes IFAs change the way they are remunerated.


It proposes giving clients a choice of paying a fee based either on a lump sum or an hourly rate, traditional commission or a hybrid combining both commission and fees.


If accepted the proposals will probably come into effect on April 6, 2000.

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