Dozen bodies unite to piece together fragmented industry

The Personal Finance Society (PFS) hosted, among others, the Institute of Financial Planning (IFP), Association of British Insurers and Investment Management Association (IMA) to form the first post-Retail Distribution Review ‘united profession' working group. The unintended consequences of regulation, the savings gap and the role and reach of the Money Advice Service were among the topics discussed at the inaugural get-together on 4 February. PFS chief executive Keith Richards, who said he expected more organisations to join the founding 12 before its next meeting, said: "The group r...