Goddard: Advisers still don't know what independent means

During a panel discussion at the Tenet conference in Ascot this morning, Andrew Ward, head of centralised sales at Aviva, Zurich intermediary sales director Richard Howells, PFS chief executive Fay Goddard and AIFA director general Stephen Gay were asked what proportion of IFAs would remain independent after 2012. Ward predicted only between 10 and 15% would remain independent while Howells was more optimistic, suggesting up to 40% will keep the IFA tag. However, neither Gay nor Goddard were prepared to put a figure on how many would stray into the restricted sphere. Goddard sugges...