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IFAs unhappy at polarisation plans

Yesterday&#39s pre-budget announcement on the phasing out of polarisation is against the public&#39s interest and will confuse consumers according to IFAs.



Charter Financial Planning senior partner Barry Woolley says: “This move will considerably blur the position. It is a minefield which panders to the direct sales offices and flies in the face of logic.”



Paul Duckworth IFA says: “This is the first step down the slippery slope. It has taken a long time to get across to the public the difference between tied advice and independent advice. It will be a highly regulated form of what we thought we had got away from.”



Chambers Morgan James director Marlene Shalton says: “As an IFA I have never been keen. The public is still not clear on who is independent and who is not. I can&#39t see how this is in the public&#39s interest.”

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