News

A defiant FSA today says it is confident the RDR will increase consumer access to financial advice despite revealing half of small firms had opposed its adviser charging proposals.

Platforms will not be forced to offer a wider range of investments - some of which may be unsuitable and pose a high-risk, the FSA said today.

Mortgage brokers could be dragged into the disclosure of adviser remuneration proposed by the FSA.

The FSA has slammed platforms for poor levels of disclosure in documentation and for failing to highlight the risks of investment.

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?