TITLE

FSA to ban DFM payments to advisers

AUTHOR(S)
Holt, Natalie
PUB. DATE
October 2012
SOURCE
Money Marketing (Online Edition);10/ 5/2012, p2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
82392685

 

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