Flexible Menu and IDD plans approved by EU

clock

The FSA has confirmed advisers will have much greater flexibility on how they provide information to their customers on their status, the nature of their advice and how they are paid.

This flexibility will be introduced from November 1 when the FSA’s Conduct of Business Sourcebook (COBS) is introduced to ensure compliance with MiFID regulations. The EU has confirmed it is happy with the FSA’s proposals for the rulebook outlined in a policy statement published today. Under the new rulebook, advisers can continue to give clients the Menu and IDD, ,which the FSA is reclassifying as guidance, or they may develop their own material. This means they will be obliged to provide information which in many cases is similar to the information in existing documentation but they ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Minister reiterates no-change stance on APR and BPR proposals

Minister reiterates no-change stance on APR and BPR proposals

In response to MP’s ‘devastating consequences’ warning

Sahar Nazir
clock 29 October 2025 • 4 min read
Reeves: Investment 'cannot come at cost of economic responsibility'

Reeves: Investment 'cannot come at cost of economic responsibility'

Budget decisions ‘do not come for free’

Michael Nelson
clock 29 October 2025 • 2 min read
PA Asks: Is AI a bubble?

PA Asks: Is AI a bubble?

Plus, LLP NICs, EIS and ESG ratings

Professional Adviser
clock 29 October 2025 • 1 min read