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IFAP service delivers £54m value to member IFAs

IFA Promotion’s ‘Find an IFA’ referral service delivered £54m of commission value to member IFAs last year with a 16 per cent increase in consumer and business enquiries.
The independent study commissioned by IFAP found a 15 per cent year on year increase in income and an increase of 270 per cent since 2000.
The figures show an estimated 56 per cent of hotline callers and 43 per cent of online IFA enquirers went on to visit a member IFA and buy an average of 1.2 and 1.6 products respectively.
IFAP chief executive David Elms says: “Faced with the biggest shake-up on the financial high street in over a decade, 2005 was potentially a turbulent year for the IFA sector. However, as these figures highlight, the independent financial advice brand has emerged stronger than ever. The dedicated efforts of IFAP to continually improve our marketing activity and the value we create for our members and sponsors is demonstrated by this research.”


Misys appoints Mike Lawrie as group chief exec

Misys has appointed Mike Lawrie as group chief executive following the resignation of Kevin Lomax earlier this month, effective from November 1.Lawrie was previously a general partner with San Francisco-based private investment firm ValueAct Capital. Prior to this he was chief executive of Siebel Systems, the international software and solutions company, from 2004 to 2005.He […]

Look to the pension future

Hear from the experts on the latest developments in the pension arena and have a chance of winning a car

Bradshaw alerts IFAs to huge pension transfer market

IFAs should broaden their focus beyond rich clients or risk missing out on a potential 500bn opportunity in the occupational pension transfer market, says industry veteran Paul Bradshaw. He says around half a trillion pounds of transfer money will move over the next five years and all these people will need advice. The former chief […]

‘Stop the gravy train of high commission’

Leading industry figures have called for an end to the “gravy train” of high commission and condemned firms for paying massive up-front rates with no clawback. Delegates at a Money Marketing pensions round table said some providers pay 7 per cent commission on single-premium pension business with no clawback. Hargreaves Lansdown head of pensions research […]


Graphic content – May; UK economic data has finally turned for the worse

In June 2016, immediately before the Brexit referendum, a curious thing happened. Despite the colossal uncertainty facing the UK, economic data actually started to come in above consensus forecasts. Citi’s economic surprise index nudged into positive territory, which meant that UK economic data had on the whole outperformed consensus forecasts over the prior three months. […]


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