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Seminars aim to help IFAs check FSAVC sales

The FSA is to teach IFAs how to conduct the free-standing AVC review at a

series of seminars in June.

The regulator expects to publish guidance for the review next month. The

seminars will describe what steps IFAs have to take and what timescale they

are working under.

Difficulties with FSAVCs have arisen where employers offer an in-house AVC

plan which is possibly better value for members than topping up company

contributions via an FSAVC. The FSA says redress could be due to between

25,000 and 50,000 people, many of whom were advised by IFAs.

Seminars will take place in London, Bristol, Cardiff, Belfast, the

Midlands, Manchester, Glasgow and Edinburgh.

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