Aifa to tackle 'lack of communication' on FSA reporting

Chris Cummings, director general at Aifa, says the trade body will release another of its ‘quick guides’ revealing the top 10 things financial adviser firms need to know when completing the FSA mandatory electronic reporting (MER) requirements, as Aifa officials are “very worried” about the requirements on firms to deliver so much data to the Financial Services Authority(FSA). More specifically, Cummings is concerned about the lack of communication IFAs and mortgage intermediaries have received from the FSA explaining what information they will be required to give the regulator about the...