Network members call for creation of IFA support group

IFAs are calling for a nationwide action or support group to be created which could be used to deal with disputes between networks and advisers. Plans for a national IFA support body arise from the continuing disagreement between Misys network members and its management, over the increase in fees and commissions paid to the network which were announced at the end of last year. IFAs from other networks are also encountering similar concerns about the powers held over network members and are now calling for the industry to group together and find a way of handling complaints. Several...