There is no doubt the review could have far-reaching consequences for IFAs. This is guaranteed by an agenda which includes commission, the capab- ility of IFAs to select the right investment product, how consumers influence the market and the future of with-profits. The best way for the Sandler team to really understand what is going on in the market is for them to meet and talk to IFAs. Aifa has already ensured this is happening.
Any contact – written or personal – should not be seen as an opportunity to lay into the regulator or the Government. It is more an opportunity to offer a positive demonstration of the valuable service you, as an IFA, provide to your clients and the obstacles in the way of delivering that service. You do not need me to tell you to back up any assertions with evidence.
We also want Aifa's input to be effective and memorable. We have asked members to document personal insights into how the IFA sector is developing. We are not attributing comments but will quote from the responses to give Sandler a picture of the dynamic changes already under way in the market and where they are leading. Around 170 have responded so far. Any more?