David Ferguson: Transparency is not confusing

After a wee period of deliberation, the legacy fund supermarkets have come out fighting against the FSA’s highly progressive DP10/2 proposals. Although a lot of the language has been centred around bundled/unbundled terminology the real point of contention is transparency and whether or not the various market participants are commited to this concept. For various reasons, I spent some time with all three major IFA fund supermarkets last week and there seems to be a commitment to the word transparency but rather less to the execution. In fact, if one has been digesting the press commen...