The Association of Independent Financial Advisers (Aifa) has published a member survey on with-profits, together with a guide on issues surrounding the products.
It has also confirmed its first ‘stakes in the ground’ project will focus on with profits, saying it is an increasingly complex area for advisers and one in which the Financial Services Authority (FSA) is taking a particular interest. ‘Stakes in the ground’ was announced at the end of 2004 as a way to benchmark acceptable advice each year given the regulatory, political and cultural conditions existing at the time. It is hoped the scheme will be used in future complaints to the Financial Ombudsman Service (Fos) and in regulatory actions by the FSA to provide guidance on the state of the...
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