The Financial Services Authority (FSA) said it intends to roll out a 'consumer communications plan' to help ensure the public is aware of the Retail Distribution Review (RDR) and its impact on the delivery of financial advice.
It said it plans to act on a suggestion from the House of Commons Treasury Committee to provide resources to explain the changes to the public. In particular, the commitee said the fact 'restricted advice' may mean restricted by product or by firm required communication. In its response to the committee's recommendations, published today, the FSA said: "We intend to roll out a consumer communications plan. We will work closely with relevant consumer bodies ahead of RDR implementation to communicate the changes. "Advisers will also need to let their clients know how the changes will...
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