Aifa's advice proposals seek to shape industry's future

Association's Manifesto for Advice publication sets out good practice principals, seeking to encourage saving and improve financial capability. By Hannah Smith

Increasing the level of information available through advisers will encourage saving for retirement and improve the financial capability of the UK, according to Aifa. The association's Manifesto for Advice, published last week, sets out principles of good practice that Aifa would like to see shape the future of the financial services industry. It also targets product providers, which the body claims also need to make changes to the way they work. Aifa said advisers should shift the focus of their businesses towards long-term relationships and ensure clients are able to differentiate c...