commission

The Life Insurance Association has proposed a new approach to the FSA's "depolarisation" pricing menu which would break down the cost of advice from product purchase and ongoing service.

Over half of UK adults took out an Isa in the previous year, making the 2003/04 tax year the most popular since Isas were introduced in 1999, suggests IMA research.

Quay Software is in the final stages of developing pre-populated Key Facts Documents which will eventually include pre-populated commissions data for the payment menu.

Reports the FSA is adopting a weak approach to soft commissions and bundling are WRONG and the regulator will pounce if the industry is unable to successfully trial its own solution by December, warns FSA chief executive John Tiner.

Quay Software is rolling out a new version of its Client Care Desktop tools at the end of this month which gives IFA firms full compliance functionality for most aspects of the adviser's regulated activities and simplifies various jobs which technology...

Another IFA comment - following publication of the depolarisation menu - suggests some intermediaries welcome the move to introduce documents revealing the earnings from advice.

This latest comment from a fee-based IFA suggests consumers will be confused, rather than enlightened by the raft of FSA regulations hitting the financial services sector.

Financial intermediaries argue the FSA menu and the move towards fee-based doesn't fairly reflect the market that the Financial Services Authority regulates.

Most discussion about the "menu" has so far arisen from commission-based advisers, who will now have to reassess their working practices.

The Financial Services Authority is attempting to achieve too much in one go through the depolarisation menu, suggests life insurer Friends Provident.