Ron Sandler has heeded IFA calls for a face-to-face meeting to discuss observations about IFAs made in the consultation paper which kicked off his review of the financial services market in July.
The head of the Treasury-commissioned review has written and arranged to meet with 14 IFA firms which wrote an open letter to him through Money Marketing on August 9 asking for a meeting to discuss the IFA market.
The IFAs involved say they are happy to be given the chance to argue their case and are looking forward to a full and frank discussion with Sandler and his team.
To the IFAs, Sandler has written: “I can assure you that I have not made any fixed assumptions about your role in the market. I am keen to hear the views of as many of those involved in the industry as possible.
“I would be happy to organise a round-table discussion with all of you here at our offices at a time convenient to all concerned.”
In a letter to Money Marketing, Sandler says: “As part of my work on the review, I am keen to hear the views of as many of those involved in the industry as possible, including IFAs. I am grateful for your efforts in identifying some firms that are interested in the issues I have raised and arranging them to write to me requesting a meeting.”
IFA Informed Choice managing director Nick Bamford says: “I am delighted to be given the opportunity to present an IFA practitioner's view of the state of the market and the way we operate in it.”