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Lincoln backs IFAP and strong future for IFA sector

 

IFA Promotion today announced that Lincoln Financial Group (UK) has become its latest sponsor, demonstrating continued support for the IFA sector, post depolarisation.   

 

IFAP is now sponsored by 28 companies, predominantly from within the investment, protection and pensions arena, but with fast-growing support from mortgage lenders and technology enablers.

 

Lincoln Financial Group looks after assets of 4.5 billion with approximately 823,000 life assurance, pension, unit trust and ISA policies in force on behalf of over 539,000 clients.

 

Brian Sceats, Marketing & Communications Manager of Lincoln commented, "Since September last year, we have invested considerable time and resource in building a powerful proposition to support our commitment to the IFA sector, which has included the launch of several new products, already doing well in the market.  Our support for IFAP forms a key part of our future strategy, demonstrating our ongoing desire to better understand the needs of the IFA and provide them with everything they need in the competitive market ahead."

 

David Elms, Chief Executive of IFA Promotion, said, "We're pleased to welcome Lincoln as a sponsor.  The recent upsurge in IFAP sponsorship as we enter uncharted waters for financial advice should help reassure IFAs that leading providers expect the independent sector to thrive on its unique and considerable merits."   

 

-ends-

 

 

For further information, please contact:

Karen Barrett                            

IFA Promotion                                 

020 7833 3131    

 

or

 

Liz Willder/ Chloe Merriman

Lansons Communications 

020 7294 3677 / 3681   

                                   

 

Brian Sceats                 

Lincoln Assurance Ltd

01452 374897

 

For views from over 200 media-friendly IFAs, journalists should call IFA Promotion's Media Services hotline on 020 7294 3682 or search online in 'Media Services' at www.unbiased.co.uk

 

1.  Independent Financial Adviser Promotion

 

IFA Promotion was established in 1989 to promote the value and accessibility of independent financial advice to the public.  It represents over 10,000 firms of independent financial advisers across the UK and is sponsored by 28 leading financial institutions. In 2003, over 330,000 consumers and businesses used IFA Promotion to find local independent financial advice.

 

IFA Promotion believes Independent financial advice should be:

 

* Affordable.  The option to take independent financial advice should be available, by right, to all - not just the wealthiest in society.

 

* Convenient.  IFAs should be available in the location of the consumer's choice, wherever they live in the UK.

 

* Transparent.  It must be clearly transparent to consumers who is able to offer independent financial advice and who is not.

 

2. Lincoln Assurance Ltd

 

Lincoln Financial Group is the marketing name for Lincoln National Corporation in the USA.  It is listed as LNC on the New York Stock Exchange.  In the UK, Lincoln Financial Group looks after assets of 4.5 billion1 with approximately 823,000 life assurance, pension, unit trust and ISA policies in force on behalf of over 539,000 clients.

 

Lincoln offers its life, pension, unit trust and ISA products through independent financial advisers and directly to its existing customers.  Its UK customer service operation aims to provide a friendly, efficient service to everyone, whether by telephone, post or e-mail.

 

The group's UK head office is in Gloucester, while the corporate headquarters are in Philadelphia, USA.  Founded in 1905, the Group - named after former President Abraham Lincoln - comprises a number of wealth accumulation and protection businesses offering annuities, life assurance, retirement income, mutual funds, institutional investment management, financial planning and advisory services. 

 

Lincoln Financial Group manages total assets of over $107 billion and has over $5.3 billion2 in annual revenues - providing outstanding security for its customers throughout the world, and has a credit rating of A- by Standard & Poors. 3 In the UK, Lincoln is a marketing group authorised and regulated by the Financial Services Authority.

 

2 Figures correct as at 31 December  2003     3  S&P rating as at 31 October 2003

 

3. Independent Financial Adviser Promotion's sponsors

 

 

4.

 

Abbey

Mortgage Express

AXA

National Savings & Investments

Bright Grey

New Star Investment Funds

BUPA

Norwich Union Life

Canada Life

Old Mutual Asset Managers

Children's Mutual

Prudential

Clerical Medical Investment Group

Scottish Equitable Plc

Friends Provident

Scottish Life

GE Life

Scottish Widows Plc

GMAC Residential Funding

Selestia

INVESCO Fund Managers Ltd

Standard Life Assurance Company

Legal & General

Skandia UK Group

Lincoln Financial Group

Webline

London Mortgage Company

Zurich Life Assurance Company