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Aifa urged not to concede on polarisation

IFAs are pleading with Aifa not to concede to the FSA&#39s arguments on polarisation as it focuses on the detail of the regulator&#39s proposed reforms.

At a stormy Money Marketing IFA UK conference in Exeter last week, IFAs were vocal in their reaction to a presentation by Aifa director of public affairs Tracey Mullins and accused Aifa of defeatism over the core issue of polarisation.

IFA network Falcon Group development director Jeff Will-iams says Aifa presented the view that it was rolling over and accepting the FSA decision.

But Aifa says it is continuing to argue for polarisation to be preserved while preparing detailed responses for a possible depolarised marketplace. Aifa says it has to concentrate on detail because the FSA&#39s consultation paper is so vague.

Compass Associates adviser Ivan Cullum says: “The Aifa speech seemed defeatist. If it is giving us the wrong message, then what it is giving everyone else?”

Williams says: “The feeling in the room was that IFAs have not been strongly represented in the polarisation battle.”

Mullins says: “We will continue to restate the arguments for how polarisation benefits consumers as Paul Smee has done for the last 18 months. You have got to do both.”

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