IFA`s. They are everywhere and should be identifiable

[Deleted User]

Look at the pensions board for example and IFAs pop up all over the place. I only know one honorable person who identifies his IFA profession in his sig

Shouldn`t people know if the `advice` given on these important boards comes with an element of bias or not

frivolous_fay

Surely if they don't display it in the sig, people shouldn't be taking professional advice from them?

Anyway, if an IFA gives advice on a product on a forum such as this... what's in it for them? They don't get commission. Where's the bias?

Lokolo

kittie wrote: »

Look at the pensions board for example and IFAs pop up all over the place. I only know one honorable person who identifies his IFA profession in his sig

Shouldn`t people know if the `advice` given on these important boards comes with an element of bias or not

O..k.. as I know all IFAs on this board state it in their signature...?

There are 3 that come to mind.

frivolous_fay wrote: »

Surely if they don't display it in the sig, people shouldn't be taking professional advice from them?

Anyway, if an IFA gives advice on a product on a forum such as this... what's in it for them? They don't get commission. Where's the bias?

No advice is given on these boards, its against ze rules. I wouldn't want my poor D to be banned.

koexelek

frivolous_fay wrote: »

Anyway, if an IFA gives advice on a product on a forum such as this... what's in it for them? They don't get commission. Where's the bias?

Exactly. More trying do someone a favour, based on limited information.
A proper consultation with a full factfind should be undertaken before making important decisions though

[Deleted User]

I respect any IFA who puts details in the sig, koexelek. They aren`t all upfront like you, some are low grade who profess to know more than they do

whiteflag_3

kittie wrote: »

Look at the pensions board for example and IFAs pop up all over the place. I only know one honorable person who identifies his IFA profession in his sig

Shouldn`t people know if the `advice` given on these important boards comes with an element of bias or not

what "advice" is given on these boards?

can you please have the courtesy of replying to this thread as well.

http://forums.moneysavingexpert.com/showthread.html?t=1830145

jem16

kittie wrote: »

I respect any IFA who puts details in the sig, koexelek. They aren`t all upfront like you, some are low grade who profess to know more than they do

Kittie - you seem to be getting confused between mortgage advisers and IFAs. They are not the same thing.

Mortgage advisers have to follow the code of conduct spelt out by Martin and must say they are in their sig. There is no such code for IFAs as there has never been the same need.

There are 4 IFAs on this board - two say plainly in their sig and the other two have their occupation listed in their profile.

All of them make a very good contribution to this board and help a lot of people out. However it is not, as other have said, advice. It is purely suggestions and discussion.

IFAs are certainly not "everywhere" on this forum.

What exactly is the problem - other than whiteflag being more forthright than the other three?