APFA wants FCA to accept adviser demands
The Financial Conduct Authority (FCA) needs to ensure people who have been shut out of the advice space can't return and "make a monkey" out of the system, the Association of Professional Financial Advisers (APFA) chairman has said.
The Association of Independent Financial Advisers (AIFA) posted a deficit approaching £200,000 in the 12 months to 30 June 2011, despite putting cost cutting measures in place.
Sir Callum McCarthy, the former chairman of the FSA, is preparing to launch a new type of mortgage business he claims could kickstart the UK housing market.
AIFA has expressed concern over the FSA's new Money Advice Service, saying it is likely to confuse consumers.
John Gummer, Conservative MP and chairman of AIFA, is to step down from his Parliamentary role at the next General Election.
The chairman of the Association of IFAs led a blistering attack on the Financial Service Authority (FSA) at the association's annual dinner last night.
The man who was told by Tony Blair to 'think the unthinkable' on pension reform will be the after dinner speaker at this year's Association of IFAs annual dinner.