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Three more partners join FEIFA

FEIFA has maintained its rapid growth with the addition of another three partners, says chief exec.

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Paul Stanfield, chief executive of the Federation of European Independent Financial Advisers, said that TTT Moneycorp, IDAD and Pen Tech have officially partnered with the federation.

Moneycorp is a specialist provider of foreign currency and currency services with more than 2.8 million customers in 2009 that traded £11bn in currencies. Stanfield said Moneycorp was keen to develop its European business via FEIFA’s network of regulated IFAs.

Stanfield said IDAD (Investment Design and Distribution) specialised in constructing and marketing structured investments for the International and UK market: “It is highly adept at recognising and bringing to market, via various banking partners, products which offer unique payoffs designed to compliment investors’ portfolio’s in terms of both overall return and stability.”

PenTech offers pension technical support to international IFAs and product providers. The company’s products aim to ensure compliance is maintained.

“These three companies show our commitment to assist our members in gaining competitive advantage, whilst also helping them to serve their clients even more effectively,” said Stanfield.

FEIFA formally commenced its partnership programme at the beginning of March and has five diverse and beneficial arrangements in place, including a partnership with investment specialist Neptune.

FEIFA is a trade association for English-speaking IFAs based or operating on the Continent. The Federation launched in August last year looking to raise standards and improve distribution for the benefit of consumers, IFAs and product providers.

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