This latest comment from a fee-based IFA suggests consumers will be confused, rather than enlightened by the raft of FSA regulations hitting the financial services sector.
I am rarely moved to write to the trade press, but CP04/03 has finally given me the inspiration I needed. The FSA seem to really believe that they are doing the consumer a favour with the menu system. However, in the long run, this will do nothing to enhance client interests. Products have to be distributed and this will only be done if the distributors (like IFAs) can actually make a profit from doing so. The latest changes will simply serve to confuse the public further and leave them suspicious of their advisers. Any financial adviser with above average ability, experience and qualif...
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