AITC welcomes TSC moves to improve investor confidence

The AITC has responded to the Treasury Select Committe report on restoring confidence in long term savings, by urging the Government, FSA and industry to act on the reports recommendations. In particular, when it comes to improving distribution, unbundling the cost of advice from the cost of the product combined with a programme of financial education is seen by the Association as being the most effective route. By unbundling advice costs advisers would have to demonstrate their advice adds value according to the Association, thereby making it the single biggest step that could be tak...