FSA proposals cheapen independent tag

Last week's retail distribution review was as radical as expected from a regulator intent on bending...

Last week's retail distribution review was as radical as expected from a regulator intent on bending the financial services industry to its will. For anyone not confused enough by the situation after depolarisation, the latest proposals would leave us with four classes of advice. Rather than independent or tied, we would have professional financial planners and general financial advisers, with a lower primary level of advice as well as the generic variety currently being outlined by Otto Thoresen. The detail of these various proposals is discussed in more detail throughout this issue and...