Several changes have been made to the format of the actual advice menu since proposals were last laid out following feedback from the industry, reveals the FSA.
Amendments have been made to the title, position and format of the 'keyfacts' logo, as well as the regulatory message and general wording - which now focuses less on the sale of a product - and new headers have been added to break up the menu and distinguish between different types of products. Sections 1, 2 and 3 all still required to fit onto one page to give a background summary about the FSA and the firm's own services, as well as explain the firm's commision and fee payment options. Advisers firms are then required to agree the payment options "before a customer becomes liable fo...
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