AIFA raises simplified advice concerns

The issue was brought up at an Aviva roundtable event, where the insurer explained how it was working on its own simplified advice proposition. Although the FSA is still working on guidance in the area, Sinclair said he was worried about the potential for an unlevel playing field where commission and level 3 qualifications might still be suitable for some advice. He said: "If we don't get engaged on the debate I think we'll end up in some very strange places very quickly that will probably deconstruct our industry in a way that makes RDR look like nothing we have ever seen before." ...