FSA must consider factory-gate - AIC

The Association said the FSA must use the Retail Distribution Review to implement radical change to help the industry provide “simple, value for money products with high quality advice”, and prevent mis-selling. According to the AIC, current fee and commission structures do not provide sufficient incentives to provide good advice and the best way to change this is to un-bundle the cost of advice from the cost of financial products. Daniel Godfrey, director general of the AIC, said unbundling should be taken even further. “Of course, the price of the actual advice given should be made tra...