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Aifa reforms RDR working party

The Association of Independent Financial Advisers has reformed its RDR working party to prepare further feedback ahead of the next FSA paper in October.

All previous members have agreed to participate in the group again, in a combined effort to make Aifa’s views heard by the regulator.

Aifa director general Chris Cummings says there is still much to be done as many organisations will lobby hard against the existing proposals.

He says: “The proposals set out in the interim RDR statement offer the opportunity for significant improvements for consumers engaging with retail financial services. It has been noticeable that large financial institutions, once again, want to stop reform that will benefit consumers – putting themselves first and their customers second.

“I am extremely pleased that all original members of the working party have agreed to participate once again and we will reconvene for the first meeting on 18 June. We will continue to update members on our progress between now and the publication of the final report in October.”

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