Plenty of news to digest once again after another busy week in the world of financial advice...
Monday They may have previously given the impression the retail distribution review rules were set, but there was still time for the Financial Services Authority (FSA) to tweak the adviser charging directives. Under a new amendment for distributor-influenced funds, firms must ensure retail clients can cancel an ongoing service provided by their adviser without also having to withdraw their investment. Tuesday If that was a blow to the relationship between the regulator and advisers, then more news the next day might have sunk it to a new low. We found out FSA bosses shared £2.6m i...
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