IFAP

Poor inheritance tax planning is expected to cost British taxpayers £1.3bn this year, research suggests.

Martin Bamford was the big winner at the Unbiased.co.uk Media IFA of the Year awards last night, picking up two prizes.

David Elms, the former chief executive of IFA Promotion, died on Tuesday following a short battle with cancer.

Almost three-quarters of people have failed to take steps to reduce their Inheritance Tax liability, despite wasting around £1.5bn in avoidable charges.

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.

IFA Promotion has asked the FSA to consider a change in its information requirements from intermediary firms, which would clearly state the way IFAs are paid for advice given.

Consumer demand for the details of independent financial advisers has risen by 13% this summer compared with the previous year, says IFA Promotion.

Recent research from IFA Promotion shows that 600,000 sensible people use one of the 52 white-labelled IFAP ‘find an IFA' search database. They are asked the question - how do you want to pay for the advice? Do you want an IFA who charges a) commission...

IFA Promotions (IFAP) has angered mortgage brokers by claiming IFAs are the only intermediaries that can offer truly independent whole of market financial advice.

Almost three-quarters of first-time buyers believe obtaining independent financial advice is important before their purchase a mortgage but only 18% of them actually see an IFA new research reveals.