Networks 'not the way to compliance'
The head of a leading independent financial advisers' network hassaid that the Government's outline ...
The head of a leading independent financial advisers' network hassaid that the Government's outline for regulation of the non-life sectorgives every indication that intermediaries will be better served by notjoining a network to gain compliance.
Kean Seager, chairman of Whitechurch Securities, said intermediariesshould also ignore the extension to the deadline for compliance in October2004 and look to be ready to apply to the Financial Services Authority(FSA) a full 12 months earlier.
He said:
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