RDR protection paper: FSA open to disclosure for all


The FSA is open to the possibility of spreading adviser remuneration transparency across the board but doesn't believe it would be a popular move.

Peter Smith, head of investments policy at the FSA, made the comment while discussing the regulator's Pure Protection consultation paper 10/8, part of its latest Retail Distribution Review (RDR) proposals. Smith believes that it could help provide a sensible solution, especially for those writing business across the whole financial spectrum. "I recognise that some individuals are selling mortgages, protection, and investments at the same time (and sometimes even in the same conversation) so do think full disclosure across the industry is right," he says. "I think you can make a cas...

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