AIFA is reassuring members it has not given up the fight to ensure intermediaries do not foot the £58m compensation bill to cover the failure of investment ‘provider' Keydata, following veiled criticisms about its apparent inaction.
Director general Chris Cummings says AIFA is putting “huge pressure” on the FSA to re-think its decision to levy advisers for the collapses last year of Keydata Investment Services and two stockbrokers....
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‘Important to have an anchor’
Lack of innovation for solutions