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LIA predicts stakeholder bonanza

The LIA believes IFAs could name their price for advising on stakeholder

schemes.

In an interview with Money Marketing, new president Peter Sprung says

there will not be enough IFAs to meet demand when the stakeholder deadline

comes around.

Employers not wanting to use decision trees would pay for advice on top of

the 1 per cent charge and IFAs could set their own rates. But “less caring”

firms may ask staff to pay for advice.

Sprung also reveals plans to set up a nationwide education system to take

IFAs beyond AFPC status and a desire for a single professional body for all

advisers.

Interview, p8

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