DBS announced today that it welcomes the FSA's cautious approach to its review of the polaris...
DBS announced today that it welcomes the FSA's cautious approach to its review of the polarisation rules. The network noted the FSA's description of its steps to liberalise polarisation as 'cautious' and also highlighted the FSA's significant reduction in the scope of its original proposals excluding CAT marked Isas.
Alan Taylor, managing director of the DBS network, said: "I hope that this safe rather than sorry approach will continue."
"I am very concerned about any blurring of the distinction between independent and tied advisers, by the introduction of a third way. Will new so-called 'hybrid' advisers masquerade as independent for example?"
"As usual the devil will be in the detail, which we will examine closely."
"Our view is clear. We want less confusion in the marketplace not more, and everybody to be able to have access to and benefit from independent financial advice, to ensure that they select the 'most suitable' financial product for their needs."
"It is vital that clarity in providing independent financial advice is maintained to ensure that clients are properly protected and not exposed to a 'fudged' environment."
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