Hundreds of IFAs using 'dangerous' overdrafts - study
One in seven IFAs is in the "dangerous" position of using an overdraft as a permanent means of finance, a study suggests.
Analysis of 1,347 UK adviser firms by Plimsoll shows 189 use the debt facility despite the unprecedented financial turmoil of the last fortnight. The FSA says the practice is not against its IFA capital...
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