Posted on by Sheena Gillett

Press Release 

PIMFA comments on their PS 17/25 Consultation Response: Retiring guidance which will be superseded by MiFID II

19th January 2018

PIMFA – the UK’s leading personal investment management and financial advice association – has responded to PS 17/25 with comments on retiring guidance which will be superseded by MiFID II. Ian Cornwall, PIMFA’s Senior Policy Adviser, says;

“We feel that examples of acceptable training and hospitality would be welcomed by the industry in the context of MiFID II.

As well as ensuring greater consistency of approach between firms, guidance of this sort would reduce the likelihood of inappropriate influence being brought to bear on advisers, thus benefiting both industry and consumers alike”.

ENDS

Notes for Editors 

About PIMFA – the Personal Investment Management & Financial Advice Association

  • PIMFA is the UK’s leading trade association for firms that provide investment management and financial advice to everyone from individuals and families to charities, pension funds, trusts and companies.
  • We represent both full and associate member firms.
    Full members provide a range of financial solutions including financial advice, portfolio management, as well as investment and execution services. They assist everyone from individuals and families, to charities and pension funds, all the way to trusts and companies.
    Associate members provide professional services to the PIMFA community.
  • PIMFA leads the debate on policy and regulatory recommendations to ensure that the UK remains a global centre of excellence in the wealth management, investment advice and financial planning arena.  Our mission is to create an optimal operating environment so that its member firms can focus on delivering the best service to clients, providing responsible stewardship for their long-term savings and investments.
  • PIMFA was created in June 2017 as the outcome of the merger between the Association of Professional Financial Advisers (APFA) and Wealth Management Association (WMA) – read more.

 

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