Aifa sets up European advisory committee

Aifa has established a European Advisory Committee to voice views on retail financial services regula...

Aifa has established a European Advisory Committee to voice views on retail financial services regulation proposed by European policy makers. As 70% of all regulatory proposals come from Brussels, Aifa said it want ed to make sure that those giving professional advice had their rights protected. Chris Cummings, Director General of Aifa, commented: " Far too much European regulation risks helping large institutions sell financial products and it will be our aim to help European policymakers understand the role and value of financial advice.” The group currently includes Peter Mann from B...