Protection: Can we second guess the FSA?

Now you probably think I am especially sad for wanting to revisit CP09/32 and you are right. Nonetheless, this paper is important to all of you IFAs as it will help shape the future of your business AND it gives you the opportunity to let FSA have your views one more time. A most noteworthy section is that on pure protection (section 4). This section tells us what the regulator is currently thinking with regard to the threatened read across. I use the word ‘threatened' because I judge the removal of the ability to pay commission to advisers on protection covers as having two important...