IFAs are welcoming the clarification given by the FSA's statement on the future of the intermediary market. Wentworth Rose managing director Philip Rose says IFAs will now be able to plan their business strategy.
Rose says: “It is good to see the FSA get its head around CP121 sat last. The most damaging part of all reviews is the uncertainty. The sooner we can get hard and fast rules the more we can plan ahead.
“Davies' statement that any judgment will be based on the rules in place in the market at the time the product was sold is a huge step for IFAs.”