Depolarisation is now unlikely to alter the IFA market, its labels and distribution processes, contrary to discussions when the FSA's first consultation on the issue surfaced, says Datamonitor.
A brief produced by the research group entitled Impact of Depolarisation on the UK Wealth Management Market reveals previous hype and worry about the introduction of depolarisation – following several consultation periods by the Financial Services Authority – is now likely to remain just that. A significant shift has occurred between Consultation Paper 121 and the recent FSA consultation '04/03' which has moved depolarisation away from requiring IFAs to use a "Defined Payment System"” or fee-based advice back in January 2002 to handing over a piece of paper explaining what commissions co...
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