Depolarisation to increase cost of advice - papers March 4

Consumers face a significant rise in costs as a result of the Financial Services Authority's decision to abandon the strict separation of financial advisers into those who are independent and those who are tied to one company, the creator of the rules has told the Times newspaper. Any increase in charges will negate a government drive to force down life insurance and pension charges. The proposed "polarisation" rules are due to be abandoned after a long campaign by banks, and the FSA believes they are anti-competitive and no longer serve a useful purpose. Sir Mark Weinberg, chai...