IFAs should not carry generic advice burden - AIFA

AIFA deputy director general Fay Goddard says although the trade body understands the need for GFA, advisers are not best placed to carry out the service. Goddard was speaking in response to the Citizens Advice Bureaux, which yesterday claimed its recent Moneyplan trial showed advisers are the ideal option for GFA. However, while Goddard says a nationwide rollout of Moneyplan could work if huge amounts of resources and funds were in place, she believes this sort of program is simply impractical. “We fully support Moneyplan and accept that there is a need for generic advice, but you have ...