FSA to keep RU64

Originally the decision on RU64, which requires advisers to state why the product they are recommending is at least as suitable as a stakeholder pension, has been the subject of a lengthy consultation as to whether or not it should be removed. In May 2006 the FSA announced the final decision would be delayed until details of how personal accounts would work became clearer, but a consultation paper in October on ‘Reforming Conduct of Business Regulation’ further delayed the issue. It stated at the time it did not expect to announce the final decision on RU64 until the early part of 2007, ...