Aifa director general Paul Smee is urging IFAs to be cautious about indications from the FSA that polarisation may be preserved.
Smee says: “I think the FSA's mind is still open, but I don't know how much to read into their comments. I count no chickens.
“There was no-one at the meeting particularly focused on getting multi-ties on the agenda. I have always believed that this is a genuine open consultation process. We are not out of the woods by any means.”