Blog: Did AIFA get it right on restricted advisers?

Following the rather extreme reaction to the announcement that AIFA will (inevitably) admit restricted advisers, I have returned to look at all the issues again to see if my own thinking, together with far better informed people than I, are wrong on this. I re-read all FSA output on this (sad, I know). It took several hours, and I made notes. Three points strike me:  In PS 10/6 3/2010, the FSA expressed apprehension that IFAs might opt for restricted status, in effect doubting their motive: “We are concerned that some respondents felt the new requirements would result in a mov...