The Institute of Financial Planning (IFP) board has voted to proceed to the next stage of its proposed merger with the Chartered Institute for Securities & Investment (CISI), despite misgivings from some members.
The bodies will now discuss the finer points of a contractual arrangement, with the IFP promising to address concerns raised, such as that surrounding the CISI's commitment to financial planning. The decision in favour followed a four-week consultation with members, with a merger completion date set for some time in Q4 this year. The board said it believed the merger with the CISI would help it to grow the financial planning profession and improve the service and support it can deliver. But adviser reaction so far has been mixed. Some said they believed in the opportunities the new...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
