Honister: AIFA hits out at FSA re-authorisation warning

The regulator yesterday warned the re-registration of the 900 advisers affected may take "a number of months", leaving clients without regulated advisers, and firms unable to write new business. AIFA, which counts Honister firms Sage Financial Services, Burns-Anderson and Honister Partners as members, it understood to have spoken to the FSA to express its concerns. Policy director Chris Hannant said the FSA had failed to understand the stress placed upon Honister advisers, who have been "left in limbo" by the administration. "As is often with the case of large organisations, they h...