IFA comments: MiFID rules equal discrimination

A range of intermediary comments have been sent to IFAonline, since the European Securities Commission last week proposed Markets in Financial Instruments Directive (MiFID) suitability requirements for financial products would require information about a client’s profession and education. At the time the document was unveiled, the Association of British Insurers suggested this implies some consumers would be prevented from investing in equity-based investments unless they have the required background or previous experience of such investments.IFAs suggest this is a form of discrimination...