The Association of Independent Financial Advisers (AIFA) is the trade body for independent financial advisers in the UK, established in 1994. It represents the views of the profession to the Financial Services Authority, parliament, and other policymakers and promotes the benefits of financial advice to the public.
Legislation implemented in November 2001, establishing a regulatory framework for UK banking, insurance, and investment. It designated the Financial Services Authority as the key regulator, assuming functions from multiple entities to streamline and enhance regulatory oversight.
The Financial Services Authority (FSA) was an independent, non-governmental body established in 1997 to regulate the financial services industry in the UK. It was abolished in 2013 with its responsibilities divided between the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
The Financial Services Authority (FSA) was a regulatory organization in the United Kingdom responsible for oversight of the financial services industry, encompassing banks, insurance companies, and investment firms.
