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

Professional Adviser's flagship conference PA360 returns for 2026

Professional Adviser's flagship conference PA360 returns for 2026

PA360: Actionable insights – Smarter Outcomes open for adviser registrations

Professional Adviser
clock 05 December 2025 • 1 min read
Feel Good Friday: One Four Nine Wealth hosts charity blood drive

Feel Good Friday: One Four Nine Wealth hosts charity blood drive

In support of the Scottish National Blood Transfusion Service

Professional Adviser
clock 05 December 2025 • 1 min read
Nici Audhlam-Gardiner: Wider basic advice adoption could shrink advice gap

Nici Audhlam-Gardiner: Wider basic advice adoption could shrink advice gap

'There is no need to reinvent the wheel here'

Nici Audhlam-Gardiner
clock 04 December 2025 • 4 min read