FSA concerned by firms' slow move to fees

Linda Woodall, head of the FSA's investments department, told the Personal Finance Society 'Countdown to December 2012' conference in London today that the regulator has seen "good progress" made by firms switching to fee charging ahead of 2013. However, she said the FSA has also met firms who have not begun to change their model, which she said was a serious concern. "We have seen good progress made by firms, but we have also encountered some who haven't even started, which is a big concern to us," she said. She warned advisers yet to make the leap they are taking a "huge risk" by...