FSA to sniff out deals that 'smell' like commission
The Financial Services Authority (FSA) has defended its decision to warn providers and advisory groups about securing "distribution agreements" which may appear to be commission by another name, saying it has evidence of deals which have raised its suspicions.
The FSA's head of life insurance departments, Nick Poyntz-Wright, told IFAonline that the regulator has seen live examples of firms threatening the integrity of the Retail Distribution Review through "backdoor...
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