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WHY IFA DECIMATION BY FSA
Decimation was a form of military discipline used by officers in the Roman Army to punish soldiers. The word decimation is derived from Latin meaning "removal of a tenth." The FSA plan on removal of 10,000, which is equal to 50% of IFAs. The Romans used decimation as a punishment for wrong and yet the FSA use RDR Decimation as a punishment for success! Only 3% of FOS complaints result from IFAs compared with 59% from the banks. The banks are seen as the beneficiaries of the FSA Retail Distribution Review and decimation of IFAs. Not surprisingly suspicion falls on the FSA motives when so many FSA staff are former bankers! SIMON MANSELL TEMPLE BAR IFA LTD
Posted by: Simon Mansell