AIFA consults members on future direction

The Aifa says it is taking this “unusual step” as a result of depolarisation and the ensuing changes in regulatory status of some firms. Prior to depolarisation firms were either tied or independent but depolarisation has somewhat muddied the waters by enabling firms to be single-tied, multi-tied, whole of market, independent or a hybrid or several of these options. Chris Cummings, director general of the Aifa, says the new rules have brought about fundamental changes to the Independent Financial Adviser (IFA) sector and, as a trade body, Aifa has to keep up with the pace of change in o...