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Aifa launches working group to look at FSA distribution review

Aifa has launched a working group to draw up the trade body’s response to the FSA’s review of retail distribution.
Aifa director general Chris Cummings says members should not underestimate the importance of the review and the recommendations it could make.
Former Tenet Group chairman Barry Kayes will chair the group.
Cummings says: “It is essential that our response proves not only the value of independent financial advice but also provides robust arguments on transparency, adviser remuneration and capital, and tackles, head on, the tangible steps we will take to address the reputation issues of the financial services industry.”

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Halifax moves to end retention confusion

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