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MPs to hear views of financial advisers

15 October 2010
Written by rosalind renshaw

The opinions of people working in the finance industry will be put before MPs next Tuesday.

Robert Sinclair, director of the Association of Independent Financial Advisers and of the Association of Mortgage Intermediaries, is due to appear before the Treasury Select Committee, which is inquiring into financial regulation.

Sinclair said there was general agreement with the need for reform, but concern over its costs.

He said: “Firms already face a barrage of costs due to regulatory changes in 2012.

“The Government must ensure that those who pose the greatest systemic risk also bear the greatest weight of regulation and the costs of regulation.”

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