FSA reviews Retail practices
LONDON - The UK Financial Services Authority (FSA) has published its much-anticipated Retail Distribution Review (RDR), which aims to reform the practices of independent financial advisers (IFAs) and sales advisers. The regulator set out to create a distinction between the functions of selling and providing advice, and to improve the quality of advice given to consumers. However, the RDR has run into opposition in both these areas.
John McFall, chair of a Treasury Select Committee on the the FSA
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