Library of evidence for regulators and consumers

Aifa releases its inaugural stakes in the ground survey, looking to prevent future mis-selling claims on with-profits against advisers

The Association of Independent Financial Advisers (Aifa) has devised an initiative that aims to provide a warts and all record of current business practice within the financial services industry. In the first phase of its stakes in the ground (SITG) scheme, the body has focused on the contentious area of with-profits investing. This has been the subject of negative press and FSA scrutiny in recent years amid accusations of mis-selling and a lack of transparency. With-profits was chosen as a starting point because of its unfortunate connotations and the fact it is a notoriously complex are...