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New IFA trade body launched

The Association of Independent Financial Advisers has announced plans to be fully operational by 1 October.


The new association, which aims to become a unified body for all IFAs, begin work on 1 July under an executive committee chaired by Lord Hunt of Wirral.


Financial services consultant Richard Knox-Johnston has been appointed project manager.


Lord Hunt says: &#34A number of organisations currently make representations on behalf of the sector but no one body represents all those involved in independent financial advice. The establishment of AIFA marks an important step forward in this process.&#34


AIFA is keen to work with existing industry bodies and recognises the special issues facing small IFAs.

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The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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