RDR protection paper: Protection commission to be disclosed - FSA consults

This Consultation Paper (CP) sets out proposals for pure protection sales by investment advisers. The FSA is proposing the following new rules: Retail investment firms must explain how they are remunerated for pure protection services associated with investment advice and disclose the amount of commission they receive if the customer then purchases a pure protection product. This applies to either personal recommendations for pure protection or arranging the sale of pure protection products. The FSA also proposes to ammend rules to allow firms who elect to sell pure protection under t...