UK changes bring options for advisers

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There is a school of thought which says this year is going to be a very tough one for independent fi...

There is a school of thought which says this year is going to be a very tough one for independent financial advisers. This is especially the case in the UK, where, by mid-2005 the FSA (the regulator) should have in force: • Depolarisation, which still seems something of an unknown quantity in terms of how the market will react (as opposed to what the surveys say will happen). • Commission menus, which are strictly part of depolarisation, but will have their own consequences as the fault lines between 'maximum commission' and the FSA's outdated 'market average' appear. • New disclosure r...

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