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Northern Ireland IFAs missed out on training

Pension providers shunned Northern Ireland IFAs in the run-up to A-Day with many getting no training until after April 6, says Whitechurch Network.

Compliance technician Nick Cunningham says several IFA firms rang Whitechurch Network at the beginning of April asking for training because they had a lot of unanswered questions about A-Day.

Cunningham went to Northern Ireland in May to train six member firms and says Whitechurch is working with Skandia to offer further training.

Sesame life, pensions and investment product manager Phil Hull says the network took a training team to Northern Ireland in the lead-up to A-Day but did not include providers.

Cunningham says: “Advisers had done their best but there were fundamental things which they were trying to piece together. Providers are always good at giving case study examples rather than just helping them get to grips with the legislation and these case studies were what IFAs were lacking.”

Skandia spokesman Alex Jones says: “We are holding a post-A-Day roadshow in Belfast this week and we hold smaller monthly seminars in Belfast which include training on A-Day.”

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