The Association of IFAs' appearance in front of the Treasury Select Committee yesterday has already sparked calls from angry IFAs this morning, who feel MPs gave advisers' reputations a serious beating without knowing the realities of the job.
This take on the Select Committee’s tactics is correct, and it is possible to analyse yesterday's meeting based not on what is likely to be the outcome, but what MPs wanted to achieve there and then. Comments from John McFall, Angela Eagle and Nigel Beard about commissions and mis-selling may have seemed cutting, but the reality, say commentators attending yesterday’s meeting, is the political "questioning" of AIFA’s Paul Smee, Amanda Davidson and Roger Saunders was a simple pantomime or Punch & Judy performance. The Treasury Select Committee meeting was designed to draw in the consum...
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