Incisive Buzz focus on more regulation
In debating the issue of whether independent financial advisers needed a code of conduct, among the responses are as follows: • AIFA Members and IFACare members already have a code of conduct. Codes are desirable, but not essential - it is rules that matter more than voluntary codes. • There are already various codes of conduct from the various groups/trade bodies act, again, all as confusing and therefore meaningless as the alphabet spaghetti that passes for qualifications. • Not until the FSA can tell the difference between a guarantee and a promise, and are prepared to compensate th...
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