The Financial Services Authority (FSA) has failed to make the case for its planned Arch Cru redress scheme announced earlier today, according to the Association of Professional Financial Advisers (APFA).
Chris Hannant, policy director at APFA, said the body was glad the FSA had listened to the profession and made the scheme operate on an opt-in basis. However, he said the regulator had not properly demonstrated...
£624,311 of assets frozen
Ahead of December deadline
Advisers should reconsider process
In preparation for December deadline
UK investors lost hundreds of thousands of pounds
Lifts advisers to seven
Income from advice fees down