FSA to publish simplified advice plans later this year

In a speech to the British Bankers' Association (BBA) conference yesterday, Sants once again stressed the importance of RDR in improving the retail investment market. He added: "We do recognise that, whilst not specifically an issue which the RDR seeks to address, in order to ensure the financial market place is fully effective for investors, it is vitally important that a credible simplified advice service exists alongside the full advice offering. "Ultimately it is for firms to introduce such services, but we are currently working with them and later in the year we plan to publish m...