Stunned advisers have warned of the "serious implications" of an FSA rule stating trail commission be passed to the client when they switch adviser from 2013.
They say the RDR directive “devalues” adviser businesses, will disrupt firms’ expansion plans and could spell the end for IFA consolidation vehicles. In last month’s RDR Policy Statement, the FSA said...
£300bn of liabilities
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Transfer from occupational scheme
Appointed by FCA and PSR boards