Menu: Alternative to 'better than best' rules outlined

Although the de-polarisation proposals would end the better-than-best rule, the FSA today says its new commission equivalent rules should make sure that consumers still get the best deal by forcing disclosure of differences between commissions and full distribution costs. Firms selling their own products must disclose commission equivalent, while firms connected to providers through ownership stakes must disclose the higher of commission equivalent or commission, the FSA says. Distribution method Commission or commission equivalent disclosure A provider’s representatives selling ...