Protection disclosure row reignites in 2010

Proposals in December's RDR paper call for a clear division of commission and fees for customers where protection is sold under ICOBS alongside investments, to increase transparency. Advisory firms would be able to avoid the cost and complexity of using a different compliance regime for each area by opting to sell protection as well as investments under the COBS rulebook, but only if they read across the rules on adviser charging. Concerns over the plans have gained momentum into the New Year. Advisers now fear they will be forced to carry out a "bizarre hat-changing exercise" during ...