The Association of Independent Financial Advisers (AIFA) has warned of the potential human rights implications of FSA proposals to collect individual adviser complaints data.
Earlier this year, the regulator announced it will monitor complaints data for individual advisers throughout their careers, with information linked to Individual Reference Numbers, although the data will not be published. However, AIFA today called on the regulator to clarify its intentions and the impact of the proposal. In its full response, the organisation said: "If the FSA is collecting this data to provide insights on individual advisers then the misreporting/allocation of complaints against an individual adviser who has left the firm could have a material impact on their abili...
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