AIFA and CII under fire in adviser letters to MP

Garnier, a vocal member of the influential House of Commons Treasury Select Committee (TSC), says he is prepared to haul AIFA back in front of MPs to answer allegations it is only interested in serving larger advice firms. As one of the MPs pushing for more Parliamentary scrutiny of the RDR , the member for Wyre Forest says he receives hundreds of letters from IFAs unhappy with the industry's two biggest member organisations. AIFA is a particular target for vitriol, he says, with many IFAs accusing it of neglecting the concerns of smaller practices. He says: "There is a lot of il...