Mortgage advisers query 'mad' RDR label plan

Under new FSA proposals, mortgage intermediaries will have to describe their services in the same way as investment advisers, even though the remuneration rules will be different. While investment advisers can not receive commission after 2012, mortgage advisers can continue to be paid in this way. AMI director Robert Sinclair says extending the RDR's disclosure rules to the mortgage arena, but not its remuneration requirements, may confuse clients. "There is a concern that, if we are using the same labels, there will be confusion given the different definitions," he says. "It migh...