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Trade body set up to aid IFAs operating in Europe

The Federation of European Independent Financial Advisers has been launched to represent the interests of English-speaking IFAs operating in main- land Europe.

Feifa aims to lobby national and EU regulators on issues affecting advisers and help IFAs who are either based in Europe or passport in from the UK.

Membership fees for firms with between one and five advisers are €500 (£425) a year and for firms with more than six advisers, the fees are €750 (£635). An application fee of €250 (£210) also applies, alth-ough this is being waived for the first 20 members to join.

Chief executive Paul Stanfield says Feifa aims to work in a complementary capacity to the European Federation of Financial Advisers and Financial Inter-mediaries. He says: “We aim to communicate with any organisations where the ultimate benefit will be for the industry and our members.”

Aifa director of policy Andrew Strange says: “Those who want to help develop a professional reputation for IFAs are welcome, those who simply want to cre-ate noise should think about the reputational damage they will inflict.”

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