This year, the independent financial advice market is undergoing the most fundamental changes it has...
This year, the independent financial advice market is undergoing the most fundamental changes it has faced since the advent of the Financial Services Act in 1986.
The Act introduced the concept of truly independent advice and the latest consultation, CP121, threatens to radically alter this regime. Combined with the forthcoming Sandler Review of savings, 2002 can justifiably be described as a year of fundamental change for the industry.
To mark this year of upheaval, leading advisers are being invited to a radical new conference, the State of the Nation, which will take place in London on 27 September.
The conference will be an annual event that will focus on the key issues, from a business practice and regulatory perspective, that affect the leading IFA businesses in the UK.
This year, although there will be a lot of focus on the impact of CP121 and the Sandler Review, there will also be a look at specific issues such as how advisers should value their own businesses, succession planning, changing the mix of fees and commission for advice, and the role of the independent adviser in a multi distribution environment.
The conference is designed to cover all product areas ranging from investment, life and pensions and mortgages as well as a host of business practice issues.
Already confirmed are senior executive speakers from Scottish Widows, Norwich Union, Fidelity, First State, Framlington, HBOS Group, Aberdeen Asset Management, and the Abbey National Group including Scottish Provident and Scottish Mutual.
In addition to the main presentations from these groups, there will also be specific workshops during the day allowing the providers and IFAs to discuss product and business issues.
The event, to be held at the QE 11 conference centre in Westminster in London, will include stands and exhibitions from over 40 leading financial services groups and providers.
There will also be the opportunity for the chief executives and managing directors of leading IFA companies to meet face to face with their counterparts at the major product providers who will be in attendance to discuss specific business issues.
It is expected the conference will become an annual event and become a focal point for the financial services industry attracting in the region of 700-800 leading intermediaries.
The event is being organised by Incisive Media, publishers of IFA magazines such as Investment Week, International Investment, Cover, Mortgage Solutions, Multi-Manager, Fund Strategies and Hedge Funds Review, as well as the website IFAonline.
Tim Weller, chief executive of Incisive Media, said: 'Given the size of the financial services industry and its importance to the economy, it seems hard to believe there isn't already an event of this magnitude, at which the leading IFAs and product providers can meet to debate the industry and shape its future.
'We believe the State of the Nation can become that event. It will be an invaluable day for both the owners and decision makers of IFA firms and the day to day business writers in those firms. This makes it a unique event in the IFA calendar.'
To register or for more details email Lindsay King on [email protected], or go to the registration website, www.thestateofthenation.co.uk.
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