FSA protection proposals under RDR applauded

The consultation paper 09/31 Delivering the Retail Distribution Review, stated that the FSA saw few problems in this market but that: "We are certainly not of the view that it is impossible to mis-sell pure protection." The main area of risk it identified was customers paying fees for investment advice, and receiving advice on pure protection products at the same time, many believe that advice for both products are included in the fee. It concluded: "We believe that there is, therefore, a case for requiring commission disclosure where pure protection is sold under ICOBS alongside investm...