AITC calls for advisers to become financial planners

Financial advisers must change their working practices and become financial planners if they want to raise standards of financial advice and consumer confidence, argues the Association of Investment Trust Companies. Responding to the FSA's proposals for a single exam framework, the AITC says customers are not getting the best service available from financial advisers because the emphasis tends to be on sale of products rather than the needs of the client. In order to meet consumer needs for advice, the number of financial planners available to consumers should increase from 300 to...