AIFA releases 2nd RDR paper

It details the Financial Services Authority’s (FSA) proposals to introduce three tiers of advice that reflect the type of service provided to consumers: Professional Financial Planners and Advisory Services (PFPs), General Financial Advisers (GFAs) and Primary Advisers (PAs). The paper outlines AIFA’s segmentation analysis and includes support for the raising of professional standards. However, it also features concerns that primary advice could be detrimental to consumers. Fay Goddard, Deputy Director ...