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Ilog to continue IFA subsidy

The Independent Life Offices Group has confirmed it will continue its financial support of IFAs by providing an 85 per cent subsidy of IFA contributions to the Financial Services Compensation Scheme.

Aifa has been in negotiations with ILOG on the issue for some time, as originally reported in Money Marketing in May.

The FSCS levy falls due on July 25 by when firms must make their payments in full.

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