european parliament to veto ifa fee ban
The European Parliament is expected to reject a proposed Europe-wide ban on commission payments to independent financial advisers when it votes on the matter next week, a published report says.
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
The European Parliament is expected to reject a proposed Europe-wide ban on commission payments to independent financial advisers when it votes on the matter next week, a published report says.
The Association of International Life Offices has written to the European Parliament’s Economic and Monetary Affairs Committee, to warn over potential unintended consequences stemming from the interaction between Mifid II and other European Union financial services legislation.
FEIFA CEO Paul Stanfield says recent debate around MiFID vs IMD is confusing a simple issue
IFAs advising on investments under the IMD could face criminal charges, claims AES International.
AES International argues that IFAs who rely on the IMD to give invest advice are skating on thin ice
Advisers operating under the IMD must ensure they only give advice on insurance-wrapped investments.