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Standard warns against undermining IFAs

Standard Life is focussing it response with an attack on the defined payment system and warning that undermining the IFA sector will not help consumers.

The life office says it also concerned that product providers may use equity investment as a means of influencing distribution to the detriment of consumers.

It says the DPS will cause IFAs to migrate away independence. It calculates its expense and complexity to IFA and provider business would be equivalent to a 0.3 reduction in yield on a pensions contract.

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&#39DPS will undermine independence&#39

Standard Life is focusing its response to CP121 with an attack on the defined-payment system and warning that undermining the IFA sector will not help consumers.The company is also concerned that product providers may use equity investment in IFA firms as a means of influencing distribution to the detriment of consumers.It says the DPS will […]

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