Initial IFA responses to details of the LIA/Sofa merger indicate some advisers believe the deal may be rejected because of the powers it gives the CII over the new body.
Comments sent to IFAonline in response to the launch of the Personal Finance Society brand and further details of the professional body merger suggest some advisers expect the vote to go against the board of directors - particularly from the LIA members - because the Chartered Insurance Institute is given 'too many powers' over the new group's finances and decision-making. One response by Newbridge Independent Financial Planning indicated the name may not go down too well with members either, because it is perceived as being too vague about the body's representation. Moreover, adviser...
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