Menu

The majority of IFAs, particularly smaller firms, will continue to use the Menu and IDD despite the FSA scrapping the documents, according to AIFA.

The FSA has withdrawn plans to include Initial Disclosure Documents and the ‘Menu' on top of the information requirements for the Market in Financial Instruments Directive.

The Financial Services Authority has reduced its market average figures for financial advisers to use in their menus.

The current regime for initial disclosure documents (IDD) and the Menu of commission and other charges - introduced with depolarisation last year - is to remain unchanged until at least 2008, the Financial Services Authority (FSA) has stated.

The Financial Services Authority (FSA) has launched a web based tool designed to enable financial intermediaries create their own disclosure documents

In response to the Which? research on financial advice - Which? points finger at adviser failings - and comments by LibDems treasury spokesman, Chris Marsham of C&M Financial Services in Newton Abbot, says:

The FSA's proposal to implement a tougher 'buyer beware' on 'wider range' retail investment products, such has hedge funds and split-capital investment trusts, resurrects questions about the current value of ‘caveat emptor'.

Origen has done a deal with Resolution Life Group to provide its client base with financial advice and give Resolution a cut of the advice remuneration.

There have been a handful of responses to today's editorial, looking at the market averages used on the depolarised commission menu.

As the implementation date of depolarisation edges closer, concerns about the credibility of this long-awaited ‘commission menu' are increasing, along with the damage it appears to do to commission-led adviser business.