Editorial: Data gives IFAs a stake in the future

clock

Intermediaries have been arguing for years something needs to be done about regulatory retrospection, as firms feel it has been impossible to really challenge changes or decisions made by the FSA and FOS.

But at last, someone has come up with a sensible solution to the problem in the Aifa’s plans to create a database of accepted practice revealing what was influencing an intermediary’s decision-making at the time a recommendation is made, along with those aspects which might also influence the consumer. As the Aifa points out, there are still many subjective factors which influence any investment decision but could later be challenged unless they are somehow documented beyond official regulatory requirements. FSA rules stipulate advisers should show how they came up with a decision, bu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •