The week's news... condensed

For independent financial advisers, the dominant story of the week was AIFA's decision to let in restricted members. With the expectation that a large number of advisers may end up choosing the restricted route post-RDR, the move seemed to make sense, although plenty were not impressed. A number of big players in the advisory and platform industries came out to lend their support to a five-year ‘sunset clause' on legacy commission. Skandia said it could help to prevent poor customer treatment, although the FSA continues to insist it could lead to advisers being paid twice for the s...