FSA to help simplify advisers' marketing requirements

The regulator plans to build on the new investment conduct of business regime (COBS), which it launched last year, by introducing a new Services and Costs Disclosure Document on 6 August. This will combine in one document key information about a firm's services and costs, and provide firms with greater flexibility to explain the cost of its services in its own words. As guidance, it will be one way for firms to meet COBS disclosure requirements - although firms will be free to develop their own material in order to comply. This follows the FSA proposals in February to introduce a sin...