Tiner gives December deadline on softing, bundling changes
Reports the FSA is adopting a weak approach to soft commissions and bundling are WRONG and the regulator will pounce if the industry is unable to successfully trial its own solution by December, warns FSA chief executive John Tiner.
Giving brokers, fund managers, and others in the industry extra time to develop a process for improving disclosure of such payments may provide the best outcome, particularly as feedback on CP176 Bundled...
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