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IFAs urged to speak out

HSBC is encouraging IFAs to get their views on the FSA&#39s proposals on polarisation heard by the Gov ernment, regulators and the financial industry.

As part of the initiative, the bank has teamed up with consultancy firm Supply Media to produce a guide called, Influ encing the Power Brokers, giving IFAs ideas on getting their opinion across to the FSA.

HSBC says the IFA voice is important and can be heard if it speaks to the right person at the right time.

It points to the fact that fewer than a dozen IFAs responded to the last discussion papers and says IFAs have to become much more proactive to make sure that the independent market is not damaged.

The guide lays down the FSA and Gov ernment&#39s recommendations on polarisation – what they cover, when they begin and the reasons they have given for changing the system.

It then suggests what IFAs can do to get involved in the consultation process. HSBC says IFAs should get up to speed on the issues, respond directly to the FSA, and register their views with trade bodies.

Information is then given on how to respond to the consultation paper, where to send responses and what is likely to happen next.

Supply Media managing director Paul Burgin says: “We have decided to produce the guide because we think that IFAs should be encouraged to have a louder voice on the polarisation debate.”

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