FSA retail distribution review looks set to boost sales of ETFs

The distribution of exchange-traded funds (ETFs) by independent advisers is set to rise following the release of the Retail Distribution Review (RDR) from the UK's Financial Services Authority (FSA) at the end of November 2008. The RDR aims to end upfront commission to advisers for selling certain investment products. "We are absolutely clear. This is the end of commission as we know it," says Amanda Bowe, who headed the RDR. The review, which the FSA plans to implement in 2012, seeks to differe

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