TITLE

FSA drops DPS for Aifa's menu system

AUTHOR(S)
Boles, Corey
PUB. DATE
October 2002
SOURCE
Money Marketing;10/31/2002, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports that the Great Britain Financial Services Authority (FSA) is dropping its defined-payment system in favor of Aifa's menu system, leaving independent financial advisers (IFAs) free to be paid commission as long as they offer consumers a payment menu including fees. Reaction of IFAs and product providers to the news; Delineation of what services an IFA will offer and what options the consumer will have in paying for advice.
ACCESSION #
7894051

 

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