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Aifa wants a coalition to fight back

Aifa is calling on the industry and the Consumers&#39 Association to form a coalition to sort out what it is calling the chaos created by the FSA&#39s proposals for change.

Aifa director general Paul Smee says Aifa, the ABI, IFA Promotion and the LIA must unite to tackle the FSA on its radical plans.

LIA public affairs director John Ellis says he gives his backing to a coalition challenge which he hopes will bring about significant changes to the proposed regime.

But the ABI has given the FSA paper a cautious thumbs-up and says it is not against change as long as it helps ensure consumers are offered a wider and clearer access to advice.

Smee says: “The industry needs to get together to sort out the mess the FSA&#39s consultation has created.”

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