Some financial planners are concerned the proposed merger of the IFP and CISI could herald the end of financial planning as they know it. Could they be right? We asked three advisers who are members of both bodies...
Last month, the Institute of Financial Planning (IFP) and the Chartered Institute for Securities and Investment (CISI) announced plans to merge. The IFP, though 'profitable' (it made a surplus in 2014), has struggled to meet membership targets and hopes to take financial planning to a wider audience via the CISI. Under the merger agreement, the organisation would continue as a financial planning body - or 'forum' - inside the CISI. Some planners are concerned the merger could 'dilute' the ethos of financial planning, which they claim is incompatible with the investment management f...
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