View more on these topics

Revamp as IFADU aims to fight for IFA rights

The IFA Defence Union has restructured with a seven-man executive committee aimed at portraying a more professional outlook and better representing and defending the rights of IFAs and retired advisers.

The restructure was voted for and confirmed at a steering group meeting of the IFADU board at the Hotel Russell in London.

Evan Owen will chair the board with Derek Bull treasurer and Paolo Standerwick secretary. Rod Leonard will be vice-chair while Derek Gair, Steve Farrell and Alan Lakey will head the various sub-committees.

One of the sub-committees will focus on seeking compensation for advisers who have paid out compensation on Standard Life policies where incorrect surrender values were used to calculate redress.

The board agreed financing of the defence union, which has been an informal regime of paying what you can afford, will now come from a monthly subscription.

IFADU chair Evan Owen says: “This restructure confirms the organisation’s primary aim to represent and defend the rights of IFAs and retired advisers, to natural and legal justice. We are now assured of the direction, skill sets and dedication of those performing the tasks within the IFADU and our work will aim to correct the unfair way that we believe advisers have been treated by various regulatory bodies.”

Recommended

Dangers of no contest

ABI says non-contestability period could lead to social exclusion for insurance products

Ingenious goes live

Ingenious Ventures, the private equity arm of specialist media finance business Ingenious Media, is looking to raise up to £25m each for the Ingenious Live VCTs 1 and 2.

Trigold and Mortgage Brain in merger talks

Trigold and Mortgage Brain are in merger talks that would see the combined company holding around 80 per cent of the mortgage sourcing market, Money Marketing understands.Trigold bought packager sales workflow system Dashboard in December.Despite some concerns over market dominance of a combined company, it is thought a merger would not concern the Competition Commission.But […]

Alternative universes

What might be the outcome for markets in 2007, mused the chairman of the curiously named Betelgeuse Investment Funds as he looked out of his office on to the floor where his investment managers sat engrossed in the information displayed on their multiple screens.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com