A more transparent remuneration model similar to factory-gate pricing would lead to stronger relationships between advisers and consumers, according to findings published in the Retail Distribution Review.
Platforms may be beneficial for firms and consumers, but they can also lead to increased consumer cost and complexity, the FSA says.
Greater capital requirements, extra supervision of smaller firms and a time limit on claims against financial firms are the keys to sustaining a healthy distribution sector, according to findings published in the Retail Distribution Review.
The FSA this morning landed the first bombshell of the Retail Distribution Review - suggesting the regulation advice market should be split in two.
The FSA's general insurance regulation review, due at the end of June, must provide a consistent principles-based framework, says the ABI.
The Association of Investment Companies (AIC) today calls for the FSA to consider mandating a factory-gate pricing system for financial advice.
The Association of IFAs has backed what it calls "radical" changes the FSA plans to make to the way advisers fund the Financial Services Compensation Scheme.
Calls from the Financial Services Consumer Panel and Towry Law this week to ban commission have sparked outrage in the IFA community.
The FSA removes or amends around 300 product adverts each year it reveals today, just six months before the start of a new financial promotions regime.
The Financial Services Authority has appointed Sheila Nicoll as its new director of the retail firms division.