IFA comment: Early feedback suggests merger is unpopular

Professional Adviser
clock

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...

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 uncategorised

PA Awards 2027: Entries for all categories now open!

PA Awards 2027: Entries for all categories now open!

The 22nd Professional Adviser Awards will take place in London next March

Professional Adviser
clock 07 July 2026 • 1 min read
Two including former police officer charged in connection with £720,000 investment fraud

Two including former police officer charged in connection with £720,000 investment fraud

Due to appear at Westminster Magistrates’ Court

Sophia Panayi
clock 04 June 2026 • 1 min read
Last chance: MPS conference to explore different approaches in shifting landscape

Last chance: MPS conference to explore different approaches in shifting landscape

Takes place in London tomorrow

Professional Adviser
clock 01 June 2026 • 1 min read