The Institute of Financial Planning (IFP) is proposing to merge with the Chartered Institute of Securities and Investment (CISI) in a bid to accelerate the growth of financial planning in the UK.
IFP members are being notified of the proposal and are invited to have their say by 3 September. The Institute said it "hopes they will ultimately support the proposal" while IFP President Rebecca Taylor described it as a "win-win" for practitioners and consumers. "I realise that change is never easy, but evolution is essential to stay strong and progress," Taylor said. "Following a recent and lengthy strategic review by the IFP Board, we consider that IFP would be an even more powerful influence on consumer outcomes as a result of joining with CISI." Advisers have been reacting...
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