The latest instalment of the FSA's RDR proposals was unveiled today, and recommends that, while there is nothing technically wrong with commission, only the purest of the pure advisers should still be allowed to call themselves ‘independent'.
The FSA today says it intends to publish firms' depolarisation status to consumers due to the "strength of support" for the idea.
If you think about it long enough most things in life are easy to understand. Why George Bush is in charge of the United States for instance - probably because no one else wanted to do it.
The Financial Services Authority has a long way to go before it can claim consumers are properly protected, according to a report from Which?
UK bancassurers will not pose a threat to IFAs over the next five years, research published by consultant Datamonitor suggests.
We have an emerging dilemma in terms of investment management and how an IFA can add value, or maybe more pertinently, justify their 0.5% trail commission.
Depolarisation has failed in its objectives because consumers have not received greater value, according to speakers at the FSA retail intermediary conference.
Consumers are still no more aware of whether the financial advice they receive was through an independent intermediary post-depolarisation, suggests research.
The FSA may have to revisit its position and rules on depolarisation, including Initial Disclosure Documents and the menu system as the result of proposals in the latest draft directive on financial services, warns APCIMS.
One in ten Brits believe depolarisation is a new anti-frosting mechanism for fridge freezers, according to research by IFA support service Sesame.