AIFA seeks support from IFA-friendly EU countries

It has commissioned European lobby organisation BIPAR, the European Federation of Insurance Intermediaries, to conduct research across the other 26 member states to find out which have established or growing markets in independent financial advice. IFAs' business model is not widely replicated in other EU member states, where financial products are more commonly sold through advisers tied to banks and insurance companies. The difference between the marketplaces has left the UK isolated when negotiating some points of European-wide regulation, such as MiFID II. For example, current dra...