19 Jan IFA Centre Managing Director Claims Advisers Need Trade Body
IFA Centre managing director Gill Card has claimed that setting up a trade body should be an important step for independent advisers, especially as the industry in general begins to gear up for the implementation of RDR.
She has even received backing from the Financial Services Authority, which believes that such a trade body could play an important part in future regulation.
Cardy has actually been pushing for such an organisation for around three years and she stated "It isn’t the FSA’s job to be a price or product regulator, but they do recognise that having information about dodgy products is something they need, and we are potentially a good channel for that.
"We can say 'look, we’ve looked into this and it’s rubbish, or that it’s not just a bad idea – it’s downright dangerous.'"