IFAs cannot rest easy on LIA plans

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Mark Ommanney, director general of the LIA says advisers must carry their share of the burden required to bring to fruition the association's proposed five-year plan for change published this week.

The warning comes as the association offeres a challenging new chairman’s role, which includes persuading consumers that advisers are part of a professional body dedicated to working in the best interests of their clients. The LIA will change its name, install a new board consisting of executives and non-executive members, and will seek out a chairman to steer its five-year plan to a successful conclusion. "It will require some work on the part of advisers too," Ommanney says. "It is not the case they will be able to wait until all the changes are in place by 2007 before they take ...

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