LIA welcomes FSA ruling, but foresees problem in redress

John Ellis, spokesman for the Life Insurance Association, has largely welcomed today's proposals from the FSA on polarisation, however, he has says the creation of a third adviser category will create problems for both consumers and the industry. "Today's ruling from the FSA is a very limited proposal, although the government may believe that this will help them to sell more stakeholder pensions. "There are strong disclosure issues which still need to be addressed. We have always thought there ought to be some guidance as to how people adopt or select products, and what should be sai...