Removal of commission from investment markets will help raise all-time low levels of consumer confidence in financial services, the Financial Services Consumer Panel (FSCP) has said.
Speaking at the Personal Finance Society conference, panel vice chairman Kay Blair said moving adviser focus to professionalism and the strong code of ethics instilled in advisers by the Retail Distribution Review (RDR) will prove "highly significant". Blair said: "We are finally reaching the end of the line in the long running struggle to see the RDR implemented. January 2013 will mark a new era for consumers with greater clarity over the costs of advice and appropriate qualifications for advisers. "The panel has backed the RDR from the outset. Consumers will benefit greatly from kno...
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