An investment and protection IFA is seeking to pull together a "small and articulate" lobby group of like-minded advisers to confront the FSA over its policies, and the RDR in particular.
Neil Liversidge, an adviser at Castleford-based West Riding Personal Financial Solutions, says IFAPAC - the Independent Financial Advisers' Political Action Committee - aims to attract owner-managed IFAs able to band together and lobby for "realistic and fair" regulation. "I used to be the most positive IFA in the world; I was pro-FSA, pro-IFA, pro-everything," he says, adding IFAPAC should not be seen as a competitor to AIFA . "But what I'm seeing has made me turn around 180 degrees. I'm demoralised and depressed." Liversidge says if the FSA imposes some of its RDR proposals for t...
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