Fidelity says remuneration plans in CP121 won't work

Professional Adviser
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A Mori poll commissioned by Fidelity Investments has found that most current users of IFA services w...

A Mori poll commissioned by Fidelity Investments has found that most current users of IFA services would consider switching advisers if their current adviser was turned into an Authorised Financial Adviser, AFA, or went multi-tie as a result of de-polarisation. Fidelity says this is further evidence that the FSA is barking up the wrong tree in its push to tie remuneration with the issue of independence. "A flaw in the FSA's current thinking is in trying to redefine independence around remuneration," says Rob Fisher, Head of IFA marketing for Fidelity Investments. "Our view...

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