IFA Promotion is adding Old Mutual's new multi-manager business, codenamed
Project Mars, to its list of sponsors, bringing the total number of
supporting companies to 32.
IFAP says Project Mars will provide further financial backing for its
campaign to encourage more people to seek independent financial advice and
raise the profile of its 10,000 members.
Old Mutual is set to launch Project Mars at the start of November to
capitalise on the demand in the multi-manager market. It is keeping details
confidential on how the new business will operate but managing director
Brett Williams says a key element will be the needs of the IFA.
Mars' distribution will be exclusively through IFAs and it will focus
on investors in the mass affluent end of the market.