Retail Distribution Review

We believe that the FSA’s work on the Retail Distribution Review is extremely important.  It has the potential to deliver much fairer and clearer advice to consumers who are buying investment products.   

The Panel has been involved with the debate at all stages of the process of the Retail Distribution Review.  The latest proposals were published by the FSA in a Consultation Paper (CP 09/18) in June 2009. 

In the FSA’s latest proposals published in June 2009, we welcome:

1. the distinction between fully independent and restricted advice

2. proposals for adviser charging

3. role of money guidance

4. increasing standards of professionalism 

We have urged the FSA to do more work on the following:

1. guided sales

2. focussed advice

We will be responding more fully to the consultation before the feedback period closes on 30th October 2009. We will also be engaging in debate on other issues in this arena where the FSA has promised further publications during 2009.

 

 

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