Networks back AIFA long-stop campaign

The campaign aims to lobby the new regulator the Prudential Regulation Authority (PRA) for a long-stop in financial services. AIFA said 500 individual advisers have also signed up personally to the campaign to offer their support. Ivan Martin, executive chairman at Sesame Bankhall Group, said the open-ended liability in advisory firms "is an unfair and unacceptable burden". "The introduction of a long-stop liability limit would strike the appropriate balance between safeguarding consumers' interests, while also delivering much needed certainty to the advice sector," he said. "It...