AIFA has issued a rallying call to the FSA urging it use the RDR as a force to help clients re-engage with savings, and support the development of a distinct advisory profession.
In its latest report, The Future of Retail Financial Services, AIFA demands to see increased professional qualifications, higher standards and remuneration models agreed between the adviser and the client, without the interference of any other party. The report calls for a new sales regime to be developed which allows for a swift provision of products to those who do not wish to have their personal financial circumstances considered by an adviser. AIFA also wants the introduction of a new disclosure regime, ensuring that consumers understood the role of the company they were dealing w...
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