Changing times for advisers so buyer beware

Professional Adviser
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The FSA's proposals on polarisation create a more 'buyer beware' regime with the onus on the consume...

The FSA's proposals on polarisation create a more 'buyer beware' regime with the onus on the consumer. But in the so-far hazy environment laid out, it is difficult to see if it will be successful. The regulator says in looking at other regimes around the world, it discovered many just accept as a fact of life that advisers will have a bias. Instead of regulating to control it, they require transparency in all dealings so the onus is on the consumer. Yet the effort to make things clearer to the consumer so the responsibility lies with them does not look that successful. First of all...

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