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Broker talkback

Is Aifa doing a good job campaigning for advisers on the retail distribution review?

Yes 82%

No 18%

Yes

“I think there should be a whole range of advisers so generally speaking I think they are doing a good job.”

James Brooke, Anand Associates

Yes “I think Aifa is doing a good job in what is very difficult circumstances.”

Neil McLachlan, Lowes Financial Management

No “Although I am not a member of Aifa, I think Towry Law were right to criticise them on the commission side of things. I believe that qualifications are very important. I think they would be well placed if they helped advisers gain qualifications. I also think everyone should join the IFP.”

John Fachiri, sole trader

Yes “Aifa director general Chris Cummings is doing a great job representing our interests in the retail distribution review debate. Towry Law is adopting a very strange position.”

Martin Wood, Spectrum Financial Services.

Yes “Aifa is doing a good job and Chris Cummings is moving it in the right direction.”

Frank Milner Walker, FMW Consultants

No “I’m not bothering to be a member. We are not seeing the value in Aifa, given the costs involved relative to the actual returns we get.”

Mark Raybould, Abacus Advice

Yes “I suppose it is, yes. We certainly need someone doing it and I feel they do represent me and my needs.”

Jim Boyd, IFA

Yes “I think they seem to be. I have heard Chris Cummings speak and he sounds very professional and businesslike. As for the argument that you can only offer fees, that’s all very well but I think you have to offer the option and let the clients decide.”

Isa Robinson, City & Trust Finance

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