PFS to launch new adviser code of practice

John Ellis, who today announced he would stand down as head of public affairs for the organisation this summer, said the industry standards formed part of a major piece of work that will feed into the regulator’s retail distribution review. The initial findings of the review are due to be reported in June when a consultation paper will also be published. Ellis, who will be succeeded by David Thomson, currently head of strategy and planning, public policy for Barclays Bank, said the proposals would be submitted to the FSA at one of the working parties established by the regulator as part...