APFA in crunch FCA meeting as long-stop fight continues

The Association of Professional Financial Advisers (APFA) will today meet with the Financial Conduct Authority (FCA) as it continues to push the regulator over an adviser long-stop.

Director general Chris Hannant, as well as former APFA council member and veteran long-stop campaigner Alan Lakey, will meet with FCA staff on the issue. Hannant told Professional Adviser he expects the regulator to make its initial conclusions on the long-stop within the next six months. He explained there is a complication around what could be a simple issue due to the regulator’s interpretation of the European Alternative Dispute Resolution directive. “There is this complication around the Alternative Dispute Resolution (ADR) directive that we need to bottom out with them. Th...