FSA to monitor 'soft' commission; Mulled 'financial wizard' label

Dan Waters, FSA director of retail policy and conduct risk, says "significant" benefits, such as access to training programmes or key software, should be available to all firms and not just particular advisers. However, the FSA is also keen to step up its monitoring of "less traditional and more intangible" incentives, including trips to major entertainments events, which may cause the possibility for bias. Speaking at the Personal Finance Society (PFS) Conference today, Waters says: "We are proposing changes to our inducements rules. In particular, we have brought forward new guidanc...