Basic advice regime to begin April 2005

That said, the Financial Services Authority has decided not to include its proposals for a simplified process in the sale of ‘smoothed investment funds’ at this stage as there are still concerns in its research the consumer does not fully understand the differences and risks between smoothed funds - otherwise known as “with-profits” - and their additional layer of complexity and unsmoothed investments. According to the FSA, its further testing of the basic advice regime has now convinced the FSA it should allow simplified ‘stakeholder’ products, such as stakeholder pensions and Child Tru...