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IFAs will lose market share following depolarisation – survey

IFAs&#39 market share of regulated products could fall as low as 25 per cent in a depolarised world according to research from market analysts Datamonitor.

In a report issued this week, The Future of UK Financial Advice Market, Datamonitor said IFAs, who are currently responsible for the sales of 60 per cent of all life, pensions and investments products in the UK, will lose out versus new competitors such as multi-tied firms.

It also says in order to survive providers must embrace any changes, even if it means a fundamental restructuring to the way they run their businesses.

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