Depolarisation 'has failed consumers'

Chris Cummings, director general of the Association of Independent Financial Advisers (Aifa), revealed the organisation’s latest figures showing the business written in investment and protection by multi-ties, whole of market and independent financial advisers. On the investment side, IFAs still write 90% of the business, followed by whole of market advisers with 25% and multi-ties with 3%. In protection, IFAs write 87% of the business, whole of market advisers write 20% and multi-ties write 4%. Ken Davy, chairman of SimplyBiz, says it was not clear what the goal of depolarisation was...