(Updated) The FSA is proposing to add two new sections to the RMAR meaning firms must disclose adviser and consultancy charging revenue as well as data on client numbers and charging structures.
The regulator does not currently regularly collect disaggregated data on adviser remuneration. But, in a consultation paper today, the regulator proposes adding 'Section K' to the RMAR, which will require all firms that provide advice on retail investment products to provide data on adviser aharging revenue, payment and client numbers, and charging structures. A new 'Section L' will require all firms that provide services on GPPs to provide data on consultancy charging and fees revenue, payment methods, employer client numbers and charging structures. The changes will not come int...
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