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Ilag forms committee to look at FSA rulings

Ilag has formed a distribution committee bringing together experts from the industry to look at issues surrounding the FSA&#39s proposed changes to polarisation.

It says the committee will focus a lot of its efforts on the consequences of CP121.

The group will include representatives from all distribution channels, including IFAs, high-street prov-iders and direct distributors.

So far, there are 14 members, including Tunbridge Wells Equitable Friendly Society, Watson Wyatt, Swiss Re, Swiss Life, Nationwide Life, Canada Life and Lincoln Unit Trust Managers. The next organisational meetings is scheduled for March 19.

The committee aims to operate both as an educational body for Ilag&#39s 40 member firms as well as engaging the Government and the FSA in debate over industry issues.

Ilag chairman Phil Small-wood says: “The committee will aim to work with others in our business and Government to ensure that distribution issues are taken into account and best practice promoted.”

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