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Adviser services provider SimplyBiz has acquired SIFA, a support organisation for independent advisers who work with solicitors and accountants, for an undisclosed sum.
Relationships between IFAs and solicitors could be damaged by a lack of knowledge of unregulated collective investment schemes (UCIS).
Towergate Financial has joined Solicitors Independent Financial Advice (SIFA), the organisation bringing together solicitors and fee-based financial planners to provide complementary legal and financial services.
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Advisers are being urged to make the most of upheaval within the legal industry over the next year to forge links with solicitors.
SIFA has launched a new guide to help IFAs work with personal injury lawyers and to address the issues surrounding large payments in serious cases.
The FSA's u-turn on forcing restricted advisers to disclose their non-independence using a fixed set of words is a "total cop-out" and not in the best interests of customers, says SIFA.
IFAs may have to pass a legal industry 'checklist' on issues such as charging and independence before SIFA members recommend them to clients.
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