APFA claims new discounts will save small members £300 annually

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The Association of Professional Financial Advisers (APFA) has negotiated new discounts for members which it claims could save smaller firms up to £300 a year in running costs.

Reduced rates of up to 75% have been negotiated with Rymans for Business, Citation, Callcredit, Moneypenny and Printing.com, the association said.

Members already benefit from discounts agreed with Premium Credit factoring costs, and access to the KPMG VAT helpline.

Director general Chris Hannant (pictured) said: "APFA's strength lies in its membership. It is through this strength that we lobby and fight on issues, such as the levy, to minimise the cost of doing business.

APFA's strength lies in its membership. It is through this strength that we lobby and fight on issues

"We have again leveraged this strength - this time on a commercial basis - to win some big discounts with businesses suppliers that will allow adviser companies to lower their costs."

Tenet group chief executive Martin Greenwood added: "APFA's scale and influence in the adviser sector has always been a significant asset, enabling us to act as a collective voice to reduce members' cost of trading."

APFA has long campaigned for a reduction in regulatory costs for the smallest advice firms, claiming in June they face the largest proportion of the cost. 

The organisation this year celebrated its 15th anniversary.

 

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