Institute of Financial Planning (IFP) chief executive Nick Cann will tell MPs the increasing layers of regulation faced by financial advisers will not improve the public's access to advice when he appears in Parliament this week.
Along with AIFA director general Stephen Gay, Cann will give evidence before the Draft Financial Services Bill Joint Committee on Thursday on the regulatory overhaul which will see the Financial Services Authority replaced by the Financial Conduct Authority (FCA) and Prudential Regulatory Authority. Cann said he was asked to appear only in the last few weeks, despite not submitting any answers to the committee's initial call for written evidence. The IFP CEO said he will try to push his message about the impact of more regulation on financial advisers and consumers. "One of the ou...
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