The Association of IFAs has launched a service for retired IFAs highlighting the fact they will remain liable for the advice they've given for up to 15 years.
It says the service is available to ex-principals of firms that are no longer authorised as advisers can still be held responsible for advice they gave over a decade ago. Members will have access to factsheets on: Complaints and the regulatory position concerning retired IFAs; Time-barring of endowment complaints and how to deal with them; How to protect personal assets against complaints; How the Financial Ombudsman Service and the Financial Services Compensation Scheme work post de-authorisation Fay Goddard, deputy director general of AIFA, says: “We have found that there is...
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