Association of Medical Insurers and Intermediaries (AMII) chairman Stuart Scullion has described the FCA's decision to remove non-senior managers from the FCA register as a 'retrograde step.'
Scullion said: "Many consumers, particularly the elderly or those considered to be vulnerable customers, are concerned they may be duped by unscrupulous individuals attempting to take advantage of them." Scullion joins other advisers who have criticised the decision by the FCA. Scullion continued: "The ability for an advising firm to refer them to the FCA Register to confirm the status and credentials of an adviser has been beneficial for consumers. "The FCA should have been able to...
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