Majority of IFA transactions are independent, says Aifa

clock

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. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

March 2024: Month in review with deputy editor Jenna Brown

March 2024: Month in review with deputy editor Jenna Brown

Take a look at some of the news and feature highlights of the last month

Jenna Brown
clock 28 March 2024 • 5 min read
Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read