FSA to ban DFM payments to advisers

Holt, Natalie
October 2012
Money Marketing (Online Edition);10/ 5/2012, p2
The article reports on the proposal of the Financial Services Authority (FSA) to ban payments from discretionary fund managers (DFM) to financial advisers in Great Britain. It is inferred that the ban would be applied to referrals set up after December 31, 2012. According to the FSA, advisers should only be paid for the personal recommendations to their clients.


Related Articles

  • Chris Gilchrist: FSA will need a firm line with reluctant IFAs.  // Money Marketing (Online Edition);10/ 5/2012, p12 

    The author discusses the impact of the Retail Distribution Review (RDR) rules imposed by the Financial Services Authority (FSA) on the financial services industry in Great Britain. He stresses that financial advisers will be facing reprimands and fines for failures in the delivery of quality...

  • FSA to strengthen absolute return disclosure rules. Holt, Natalie // Money Marketing (Online Edition);10/ 5/2012, p1 

    The article reports on the plan of the Financial Services Authority (FSA) to require fund managers to carry risk warnings on absolute return funds and fund descriptions in Great Britain. The quarterly consultation paper launched by FSA is highlighted, which proposes to ban payments from...

  • FCA clarifies Mifid II rules. Suter, Laura // Fundweb;8/11/2015, p9 

    The article reports on the clarification of the British Financial Conduct Authority (FCA) on the Mifid II regulations. According to the agency, the Mifid II are rules aimed for recording the communications of the clients though financial advisers are not required to record the dealings...

  • FSA holds fund managers to account.  // Accountancy;May2003, Vol. 131 Issue 1317, p121 

    Fund managers will be more accountable to investors under a new policy proposed by the British Financial Services Authority (FSA). This article focuses on benefits of the policy proposed by FSA to fund managers and investors, as of May 2003. Under this proposal, fund managers will no longer be...

  • Cooling-off plan for all drawdown investors.  // Money Marketing;1/23/2003, p5 

    Reports on the British Financial Services Authority's plan to introduce a cooling-off period for everyone buying an income-drawdown policy under its Miscellaneous Amendments to the Conduct of Business rules. Independent financial advisers' positive response to the plan.

  • FSA: New FSCS claims limit will wipe out 30% of advisers' profits. Holt, Natalie // Money Marketing (Online Edition);1/18/2013, p1 

    The article presents a consultation paper of the Financial Services Authority (FSA) to review the Financial Services Compensation Scheme (FSCS) annual claims in Great Britain in 2013. The FSA affirmed plans to raise the annual claims limit paid by investment advisers to 150 million pounds from...

  • FSA reveals plans to extend ban on DFM payments. Holt, Natalie // Money Marketing;3/7/2013, p3 

    The article talks about the decision of the Financial Services Authority (FSA) in Great Britain to disclose in October 2012 its plans to extend the ban on payments made to advisers for referring clients to discretionary fund managers (DFMs) to pre-Retail Distribution Review (RDR) business.

  • Sofa is sole supporter.  // Money Marketing;5/2/2002, p8 

    Reports that Sofa, a professional body has been the sole supporter of the depolarization ideas of Great Britain's Financial Services Authority. Stance taken by the body on compelling independent financial advisers (IFA) to work on a fee basis; Opportunities presented by the concept of a generic...

  • INSIDE EDGE: PETER DORNAN. Dornan, Peter // Money Marketing;5/2/2002, p31 

    Comments on the proposed regulations and defined-payment system for independent financial advisers (IFA) in Great Britain. Alternatives to the proposed test of independence and disclosure rule for IFA; Key to the success of the Financial Services Authority's proposed regulations; Example of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics