Industry groups have responded with both criticism and support for FSA proposals released today in t...
Industry groups have responded with both criticism and support for FSA proposals released today in the regulator’s discussion paper on the Retail Distribution Review. Richard Saunders, chief executive at the IMA, said the ideas for the creation of a new tier of professional financial planners are welcome, while the growth of platforms will also foster greater market transparency. However, the IMA did not support the concept of offering a range of simple products backed by simple advice. “This has been tried before without success. It risks creating an un-level playing field which will...
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