AIFA has announced it is to begin accepting ‘restricted' advisers as members to reflect the changing face of financial advice.
IFAonline has taken another look at the original 1999 AIFA constitution to see how the announcement fits with the body's original aims and objectives. That document, put together ahead of the establishment of the FSA, the review of polarisation and the introduction of stakeholder pensions, outlines a clear need for a trade association representing independent advisers only. However, it states AIFA must "constantly examine" its own position in the market and be prepared to adapt "if necessary"... Key paragraphs from the 1999 manifesto...
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