MPs tell FSA to reform CP121 proposals

Professional Adviser
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MPs are backing IFA calls to maintain much of the polarisation regime and advice delivery for fear t...

MPs are backing IFA calls to maintain much of the polarisation regime and advice delivery for fear that reform would lead to less competition in the products offered. A letter is being sent to Howard Davies, chairman of the Financial Services Authority, by a parliamentary committee recommending proposals for polarisation reform be "modified", as it is thought current plans could "decimate the IFA sector and lead to less competition in financial services generally". Speaking at a parliamentary meeting of the All Party Group on Insurance and Financial Services and the Association of ...

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