IFA Promotion is introducing a weekly checking service against Financial Services Authority data to ensure all IFAs currently listed on its database are fully authorised by the regulator.
It says the changes will mean only individuals registered by the FSA will become IFAP members, while the weekly checking process will ensure its database is constantly accurate, and at the same time individual’s qualifications will also be verified with awarding bodies. IFAP says the process is part of its ongoing commitment to ensuring consumers have access to top quality independent financial advice, as in addition the company says it already conducts a 100% audit each year to ensure that all IFAs on the IFAP database meet its strict membership criteria. This means that firms must: ...
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