FSA

The FSA is making it compulsory for platforms to offer re-registration by 31 December 2012.

The label 'restricted' will apply to all advisers who do not meet the criteria to call themselves independent from 2013, but the FSA will not mandate the wording advisers use to explain their limited service to customers.

The FSA has abandoned the reading-across of RDR labelling to pure protection.

An unbundled charging structure will improve clarity for customers according to the FSA's RDR, published today.

The FSA says it is not yet ready to create a regulatory regime for Simplified Advice as the development of this channel is still in its infancy but admits it may not be necessary for the level 4 requirement to be needed in this area.

The FSA has indicated it is leaning towards abolishing all payments to platforms from product providers.

Product providers will not be required to monitor the effect on their products of the levels of adviser charges deducted, the FSA confirms today.

The FSA has made a major revision of the cost of adviser charging for intermediary firms, having previously said its implementation would require negligible investment.

The FSA's consultation paper 10/8 published today proposes retail investment firms must disclose protection renumeration.

The FSA has made a major upward revision of the RDR's costs in its policy statement today.