AITC calls for huge boost to number of "financial planners"

Simplified products and improvements in levels of advice given to consumers will only be made possible if the number of financial planners increases exponentially in the next decade, the AITC says in its response to FSA Consultation Paper 157. Quoting the Institute of Financial Planing figures, the AITC says there are just 300 "financial planners" at present - as defined by the IFP - but that number must hit 10,000 in the next 10 years if the FSA is to meet targets for spreading financial advice. A single examination framework is supported by the AITC, but only if it provider...