Independent label still valid with packaged products - Aifa

David Severn, director general at the Association of IFAs says financial advisers are able to maintain their independent status with whatever product they advise is most suitable for consumers and even if they use a product panel to drill down the range, as FSA rules allows such practice providing the firm can show it regularly reviews the panel and does not base panel decisions on commission payments. Moreover, Severn told IFAonline there is no pressure to offer the entire market of underlying investment funds within a separate pension wrapper, for example, as each packaged product tend...