FSA to make IFAs independent
Posted by Graeme in Business & Investment at 4:55 am on Thursday, 28 June 2007
The FSA has finally realised the Independent Financial Advisors (IFAs) are not independent, and it intends to do something about it.
The main change is that only those who charge clients a fee, rather than being paid a comission of selling products to their customers, will be allowed to call themselves “independent”. Amazing news, commision salesmen are not independent! (more…)
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