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Justice group in talks with Aifa and FSA

Justice for IFAs is to meet with its main industry rival body and with the FSA, which could be the subject of a legal challenge from Jfifa.

The group was set up in December to launch a legal challenge to the FSA. It is meeting with Aifa director general Paul Smee this week and will meet with FSA IFA regulatory chief David Kenmir at the end of January to outline its concerns.

Founder Jon Maguire says Jfifa is building a board of directors “steeped in the industry as practitioners”, announcing two board appointments and unveiling its logo. Richard Aylward joins as chief executive and Philip Manning becomes director of IFA practice.

Aylward has more than 30 years in the industry, including a period as a director of Save & Prosper Financial Services. Manning joins with over 21 years&#39 experience as a former principal of Courtiers, an IFA in Henley-on-Thames.

Maguire says: “We will use a variety of means to challenge certain aspects of the Financial Services & Markets Act and are also prepared to challenge decisions made by either the FSA or the Financial Ombudsman Service where injustices are clearly happening.”

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