The FSA's proposed overhaul of the rules on financial advice that would allow banks and insurance c...
The FSA's proposed overhaul of the rules on financial advice that would allow banks and insurance companies to sell the products of other providers has been lambasted by a group that represents independent advisers, says the Times. Paul Smee, director-general of the Association of Independent Financial Advisers, said the regulator was using a "sledgehammer to crack a nut" by planning to end the 14-year-old distinction between tied agents and independent advisers. He said that the Financial Services Authority's own research indicated that independent advice was best, yet, by end...
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