Wealth management trade body PIMFA has made a number of organisational changes to its policy team. 

Wealth manager trade association PIMFA has questioned whether the Financial Conduct Authority remains ‘fit for purpose’ and is capable of dealing with all the problems facing the financial sector without major reform.

Trade association PIMFA, which represents 1,000 investment managers and financial advisers, has slammed proposals for funding the Financial Ombudsman Service (FOS).

PIMFA, which represents around 1,000 UK wealth managers and and financial advisers, has welcomed the FCA’s decision to further investigate industry concerns about the operation of the PRIIPs regime since its implementation in January.