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Uncertain future for IFAP could see link with Aifa

The future of IFA Promotion hangs in the balance, with integration with

Aifa being touted as an option, following its proposal to link up with a

dotcom venture.

Insiders say several sponsors, including Standard Life, Scottish Widows

and Scottish Amicable, are unhappy over how the plan was put to the IFAP

board. If the proposals are rejected, there could be a move to integrate

IFAP with Aifa, a plan understood to be favoured by some directors.

Last week, Money Marketing revealed IFAP managing director Ann-Marie

Martyn has been offered a role in an internet start-up company. The firm,

IFA Search, aims to provide 10,500 IFA firms with free websites linked to

an internet directory.

Martyn wants to link IFAP with the service. But she has a battle to

convince the board. If the proposals are accepted, IFAP will remain intact

and support IFAs off line while directing consumers visiting its website to

IFAs on the IFA Search directory.

If they are rejected, Martyn is expected to quit, leaving the way open for

a radical reappraisal of IFAP. A board meeting is scheduled for early May.

Aifa director general Paul Smee says: “We need to work out what is best

for IFAs. We are willing to play a part in the discussions.”

Martyn says: “IFAP chairman Douglas Claisse called a board meeting two

weeks ago but I cannot discuss details.”


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Back up your troubles

As a techno-evangelist standing at the dawn of the Information Age, Ishould be con- fident that matters needing attention before the end of thetax year are no reason for delaying a much needed holiday. So what if Ihave yet to set up my Isa or take full advantage of the capital gains taxexemption? As an […]

AssureSoft plots route to IFAs&#39 door

AssureSoft is planning to give every IFA their own website to literallylead customers to their doors with an online map from clients&#39 homes to IFAoffices.Consumers who input their address are provided with a map and directionsto their nearest or preferred IFA.The DBS-owned software provider says, unlike other electronic applicationand quotation services which provide only contact […]

The value of old Asia

Asia caught the technology bug in a big way. The sector&#39s ascent has beenhypnotic in its speed and the level of gains. A whole investment cycle hasbeen compressed into about six months.The internet IPO market has provided the most thrills although telecomsand outsourcers, such as wafer fabricators, have also done well.With the Nasdaq now correcting, […]


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