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Review of 2004: SOFA/LIA merger

Since the merger of Sofa and the LIA was proposed in July members and former board members have had a field day finding fault, not least with the name of the new body, the Personal Finance Society.

Problems also arose over only half of Sofa’s membership – those with the AFPC – being eligible to vote and LIA members were up in arms over the loss of the “Dip” they had been entitled to use after their names.

But the vote went in favour and the merger will be completed in January, with the new board all fired up about bringing professional status to IFAs.

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