A Devon-based chartered IFA has launched a software tool that ensures advisory firms are able to satisfy and demonstrate that they satisfy the requirements of independence.
The tool, called the Independence Checker, was created by director of Loughtons Financial Planning Peter Blackburn. It uses an Excel spreadsheet and was made available to external IFAs earlier this month. It took Blackburn six months to develop and retails at £1,497. The checker provides a series of questions advisers should ask their clients; a comprehensive list of products on the market; a filter tab which allow house view filters to be applied to all clients; and and a reference tab containing details of tax thresholds such as pension contribution limits. Craig Palfrey, a finan...
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