IFAs carry out the vast majority of their investments, protection and mortgages business on an independent basis, according to a survey by the Association of Independent Financial Advisers (Aifa).
The IFA Census survey found the vast majority of business across investments, protection and mortgages is being transacted on an independent basis, at 72%, 69% and 69% respectively. Aifa says whole of market transactions make up 27%, 29% and 30% respectively while only 1-2% of transactions in these areas are being conducted on a multi-tied basis. Chris Cummings, director general of Aifa, says: “I am delighted that the overwhelming majority of business undertaken in the areas of investment, protection and mortgages continues to be transacted on an independent and whole of market basis. ...
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