There may be a 'home' for protection in the RDR's controversial 'sales advice' category, an influential market report suggests.
According to a study by Defaqto, protection is unsuitable for both the FSA's independent advice and sales groups, but could slot into a third - sales advice - a category dubbed "Frankenstein" by one industry critic. The future of protection in a post-RDR world has been a subject of debate since the publication last November of the FSA's RDR Feedback Statement. It proposed a radical re-structuring of the market, distinguishing between independent advice and a spectrum of sales services ranging from non-independent advice to execution-only. Critics say one of its key suggestions - custo...
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