Stripping out commission will transform UK market, says FSA's Woodall

rdr-blackboard
Giving IFAs the opportunity to do things better

The financial crisis has thrown up numerous opportunities for regulators to balance the protection of consumers with a reprimand for advisers - from banning the marketing of collective investments to making sure that advisers are qualified - but Linda Woodall, head of investments at the UK Financial Services Authority (FSA) says the whole UK financial market could be transformed by stripping out commission.

"The Retail Distribution Review (RDR) is about retail consumers securing advice they can

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