IFAs fear regulatory crack-down

However, only around 40% of advisers have plans in place to deal with any potential regulatory problems if their asset allocation advice is challenged, according to MetLife Europe's nationwide survey of 100 IFAs. Approximately 18% of IFAs have not taken any action to deal with potential complaints over losses in the wake of steep falls on stock markets worldwide. The research also found about a fifth of IFAs say expertise in asset allocation is their main selling point when talking to clients although just over half say while asset allocation is important, it could be outsourced. Around...