Should this platform key facts document be an industry standard?

The proposal, part of a wider white paper prepared by the Nucleus IFA advisory board, has been drawn up in response to issues covered in the FSA's platform papers DP10/2 and CP10/29. The one-page disclosure document entitled Key facts: what you absolutely need to know aims to put the consumer "centre stage" by including a summary of charges they will be expected to pay and making it clear what they can and cannot do. "The Nucleus IFA Advisory Board believes RDR presents a remarkable opportunity for the retail financial services sector to embark on a new relationship with the UK popula...