SIFA accuses FSA of "total cop-out" on restricted advice oral disclosure

Laura Miller
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The FSA's u-turn on forcing restricted advisers to disclose their non-independence using a fixed set of words is a "total cop-out" and not in the best interests of customers, says SIFA.

In its June consultation paper the regulator said firms offering restricted advice may be required to provide oral disclosure using a specific form of words, including the name of the firm they work for...

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