AIFA

FSA guidance on structured product advice wrongly makes the investments seem unsuitable for consumers with no risk appetite, according to AIFA.

The Association of IFAs (AIFA) is calling on the Government to extend its ‘Train to Gain' scheme to the financial advice sector in this month's pre-Budget Report (PBR).

FSA plans requiring IFAs to hold capital of at least three months of their annual fixed expenditure risk the sustainability of the sector, warns the Association of Independent Financial Advisers (AIFA).

The FSA today threatens "follow-up action" against firms considering inserting a long-stop clause into their terms of business (ToB).

People who really need good financial advice risk being shut out by FSA-led industry reforms, shadow pensions minister Nigel Waterson says.

According to the FSA, the new prudential rules for personal investment firms (PIFs) have been created "for the benefit of advisers, not to make things more difficult for them".

The Association of IFAs (AIFA) says it is "absolutely vital" the FSA devises a fair method for firms calculating their Expenditure Based Requirement (EBR).

The FSA is likely to bow to stakeholder pressure by dropping plans to force firms to hold three months' worth of fixed costs as part of its capital requirements for investment advisers, Professional Adviser understands.

Association of IFAs (AIFA) director general Chris Cummings has pledged to continue the fight for work-based assessments of financial advisers not yet qualified to the required QCF Level 4 standard.

Tied and multi-tied advisers should consider themselves "very lucky" they may be able to use the term ‘advice' when explaining their offering to consumers.