Manchester Expo: MMR will boost intermediary channel

Richard Tugwell, director of intermediary sales at Virgin, (pictured) said the guidelines would see more people taking advice from intermediaries. "The frightening statistic we have heard is the number of people who thought they had received advice when they hadn't. "Advice needs to be more regulated and it is a fantastic thing from an intermediaries' point of view. But trying to regulate niche markets is difficult." James Chidgey, senior manager of corporate accounts at Nationwide said his firm was in discussion with the Financial Services Authority. "We are busy talking to the...