"Better than best" rules damage product selection under CP121

"Better than best" rules should be replaced by "no worse than" regulation if adviser status and polarisation are changed, says the Investment and Life Assurance Group. According to ILAG's response to CP121, this would ensure advisers owned by life offices are not unfairly influenced and that they still recommend the best products available to the consumer. It is inevitable that providers will try to influence intermediaries in which they have a stake, if proposals to introduce authorized financial advisers, or multi-ties, go ahead because providers will be investing "not only for th...