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ScotMut decision trees to help IFAs plot their future

Scottish Mutual has drawn up a set of decision trees to help guide confused IFAs through the options available to their business following the FSA&#39s polarisation proposals in CP121.

The decision trees go through what it would mean to be an IFA under the regulator&#39s proposals to help them discover if their business are sustainable under such a model.

The trees also look at the options of becoming an authorised financial adviser offering a limited range of products or an AFA offering a full range of products.

The options of becoming a tied adviser or an introducer are also covered.

Another chart explains how the defined-payment system will work for those who want to stay independent.

ScotMut says the FSA paper is lacking in information spec-ifically written for IFAs to help them think about their future, given that they are the group likely to be most affected by the changes. The trees, available on ScotMut&#39s website, have been prepared on the assumption that all the FSA&#39s proposals in CP121 get the go-ahead.

Pensions and investments development director Leslie Gray says: “Some four weeks after CP121 was published, many IFAs are still confused about the options open to them if the proposals go ahead. We are happy to produce this initial version of a set of decision trees which we hope will help IFAs determine which option they wish to consider for the future.”

•Trees in full next week


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