AIFA to launch Euro advisory committee for IFAs

It has announced plans to set up a European Advisory Committee which will offer advice to the EC on how the UK retail financial market operates. Chris Cummings, director general of AIFA, says too much European regulation “risks helping large institutions” and the role of impartial financial advice could get overlooked. “The new European Advisory Committee will be charged with helping develop AIFA policy on European regulatory matters,” he says. “At the heart of our plans is a desire to see more consumers able to access professional financial advice across each European member state. ...