PTA regs confuse advisers

That’s the findings of the latest Association of IFAs’ IFA Census study, which is designed to gauge opinions about key developments in the retail financial services sector. More specifically, the survey reveals there is confusion about which regime financial advisers will sell products under, as intermediaries can recommend PTA under both the ICOB and COB regulatory regimes depending on their own FSA permissions and the needs of the client. When asked under which rules IFAs were advising their clients, 27% said they were operating under COB, 19% said ICOB but over half (54%) said they d...