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Just 15% say they will make the move to multi-ties

Only 15 per cent of IFAs are considering multi-tying their businesses following the publication of CP121 in Jan-uary, research by Orc Inter-national has found.

The survey also reveals that 69 per cent of respondents are not interested in any type of tie-up for their business.

A quarter of advisers working from a national IFA head office say they would consider making the move to multi-ties.

However, for other types of IFAs, the numbers range from 12 per cent to 19 per cent expressing an interest in multi-ties.

Sofa spokeswoman Jo Smith says: “The changes are extremely serious. There are a lot of IFAs in the marketplace who are making plans to leap to one side of the polarisation fence or the other.

“We would caution them not to do anything as a panic response.”

Aifa director general Paul Smee says: “I am not surprised. There will be questions about moving a business from one model to another.

“It makes you question again why the FSA is making it so difficult for IFAs to remain independent.”

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