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NU calls for soft loans to IFAs

Norwich Union has broadly welcomed the FSA&#39s CP121 proposals but sounded a note of caution saying it is essential that a substantial IFA sector is maintained.

It says providers should be allowed to make soft loans to IFAs as they adjust to a depolarised marketplace to help them through the transitional period.

It welcomes the defined payment system, but says there should be a no transaction, no fee option as well as improved disclosure to make it clear to the consumer what they are paying for.

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