FSA report heralds changes for retail distribution
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The UK's Financial Services Authority (FSA) has released an interim report on its Retail Distribution Review (RDR), outlining potential changes in the distribution of investments such as structured products to retail clients.
The report, which was published at the end of April, is a response to the RDR and seeks a simplified marketplace with a clear distinction between advice on and sales of savings and investment products to bank clients. Consequently, those who sell products to clients would be
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