PFS Conference: CII to issue 'plain English' RDR guidance

Professional Guidance is the working title of the series of documents the CII/PFS plans to produce, in consultation with the FSA. The guidance will cover platforms, adviser charging and the 'independence' label which remains a particularly grey area for many advisers, says PFS chief executive Fay Goddard. "Many advisers still think the new restricted label means multi-tied, when of course a restricted adviser can advise across the whole of market. "We are not expecting FSA approval but we want to move into a leadership role on this because people are not clear about what they need ...