The chairman of the Association of IFAs (AIFA), John Gummer, has called for a three year review of the FSA's treating customers fairly initiative to determine what it has achieved.
Speaking at the AIFA annual dinner on Wednesday, Gummer said there was a “serious need” to question regulation and what the FSA has been doing to improve the industry in recent years. Gummer also called for an improvement of the FSA’s relationship with Europe, saying the it can “learn lessons” from the European Union to create more sensible regulations. “There is a serious need to question regulation and what it has achieved,” he said. After calling for a three year review into TCF, Gummer also said disclosure requirements “need a full and proper review” to ensure they meet the custom...
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