AIFA has issued a rallying call to the FSA urging it use the RDR as a force to help clients re-engage with savings, and support the development of a distinct advisory profession.
In its latest report, The Future of Retail Financial Services, AIFA demands to see increased professional qualifications, higher standards and remuneration models agreed between the adviser and the client, without the interference of any other party. The report calls for a new sales regime to be developed which allows for a swift provision of products to those who do not wish to have their personal financial circumstances considered by an adviser. AIFA also wants the introduction of a new disclosure regime, ensuring that consumers understood the role of the company they were dealing wit...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
