AIFA extends membership to all but bank advisers

AIFA will permit 'restricted' advisers to be members, but not those who "recommend the products of a single provider", director general Stephen Gay said. The organisation will no longer be called AIFA. It follows a strategic review of the body which Gay said assessed "what it does, what it costs, who funds it and where it adds value". He said the decision was "not taken without reservations" but that it had strong support from existing members and the AIFA Council. The new-look AIFA would not turn away existing members "simply because the FSA changed the goalposts on independenc...