'Menu' proposal adds to confusion - Selestia

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Latest Financial Services Authority proposals on the cost of advice menu will add to the confusion among consumers rather than clearing the fog it was initially set out to do, warns Selestia.

Warnings comes less than a week after the regulator published Consultation Paper 04/3 Reforming Polarisation: A menu for being open with consumers in the hope the amended 'menu' would make it a bit easier for consumers to understand what they are getting for their money. Brett Williams, managing director at Selestia, says: "It is hard to see what benefit if any last week's announcement by the FSA will have for either the adviser community or the consumer". He continues: "This additional bureaucracy, whilst demonstrating there is evidence of consumer confusion, does not come with any ...

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