FSA

There is much of interest in the FSA releases today (26 march). The debate about fund manager rebates will get louder and continue for a couple of months. For those of us who are also interested in protection, the paper 10/8 (Pure protection sales by...

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 has sent out a warning shot for platforms part-owned by fund managers and adviser firms, insisting any conflicts of interest must be clearly disclosed.

Provider-owned advisers will still be able to call themselves independent under new FSA rules, despite criticisms of a conflict of interest.

The FSA will not provide a fixed list of products advisers need to consider to be 'independent'.

The FSA has issued four questions for the protection industry as part of its Consulation Paper 10/8.

The FSA is set to bring in new capital adequacy requirements for platforms, it said today in its platform discussion paper, warning the cost of ongoing business for some players will increase.

The FSA today set out its final rules on adviser charging and service labelling, as well as a discussion paper on platforms. So what do advisers make of it all?

The FSA believes there is there is no consumer detriment in allowing advisers who operate under COBS rules to maintain their current commission based charging.

The FSA will gather data from IFA firms in the run-up to the implementation of the RDR at the end of 2012 to identify firms not taking any or insufficient action to prepare for the new regime.