Aifa to advise the EC on UK retail financial market

The Association of Independent Financial Advisers has announced its intention to set up a European Advisory Committee to offer advice to the EC on how the UK retail financial market operates.

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The new group will draw from Aifa's membership, with a number of members such as Ian Thorneycroft from SimplyBiz and Peter Mann from Bankhall already signed up to the group.

Chris Cummings, director general of Aifa, said: "The new European Advisory Committee will be charged with helping develop Aifa policy on European regulatory matters. At the heart of our plans is a desire to see more consumers able to access professional financial advice across each European member state."

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