The FSA has released its proposals on menu documents outlining the charging structures and information on fees and commissions intermediaries will have to provide consumers with in future.
Annex 5 of the Feedback Statement on CP 166, published alongside Consultation Paper 04/3 - Reforming Polarisation: A menu for being open with consumers provides what the FSA calls "Examples of the menu documents". These suggest limits on fees that advisers would charge per hour, alternatively outline how advisers should present rates of commission on lump sum and ongoing premiums for different types of products. Each suggested document consists of five main points; The role of the FSA An outline of the services being provided by the adviser firm A presentation of the chosen paym...
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