AIFA chairman Lord Hunt eased IFA concern yesterday saying that they were not being 'tried befo...
AIFA chairman Lord Hunt eased IFA concern yesterday saying that they were not being 'tried before a hanging judge' regarding Ron Sandler's review into medium and long-term savings in the retail sector.
Speaking at AIFA's annual dinner yesterday, Hunt said: "There was the inevitable concern that IFAs were being tried before a hanging judge. But the practice has been rather different. We have noticed that Ron Sandler is a man who listens; that he expects his team to listen and research before they reach their conclusions; and that he is keeping an open mind."
Hunt continued the praise saying: "We have been especially pleased at the way in which Ron Sandler's colleagues have been to see IFAs and their clients so that they can judge at first hand what makes these diverse and unusual businesses tick. "
Sandler, a guest speaker at the dinner, heard Hunt's hope that the Review, when it reports next year, 'will give credit to the industry for the considerable changes which it has already undergone and acknowledge quite how far the IFA sector has come in a relatively short space of time'.
In positive mood, Hunt recognised the growing body of evidence that consumers see advice as a vital ingredient in the purchase of financial products.
Hunt also noted, over the last few years a good deal of imagination had gone into finding ways to bring down the costs of financial products. Now, however, he said that there is a growing impression that the Government is keen to see more people making better financial provision for their futures.
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