AIFA director general Paul Smee says there are still some question marks over what today's prop...
AIFA director general Paul Smee says there are still some question marks over what today's proposals for a simplified suite of products means for intermediaries.
Smee says he is not sure how attractive the proposed new products will be, although he welcomes the opportunity to put well-founded arguments forward against the 1% cap.
While a lot of focus has been given to products and their specifications, it is another thing to make consumers aware of the products and their benefits.
"Room must be left for remuneration for advising on such products," he says.
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