FSA: commission disclosure debate still open
The regulator has insisted it does not have a pre-arranged position over the issue of commission dis...
The regulator has insisted it does not have a pre-arranged position over the issue of commission disclosure. "Both a market failure analysis and cost benefit analysis would need to be passed before the Financial Services Authority even proposed mandated disclosure," said Andrew Honey, head of the FSA's insurance, small firms division.
Honey did concede that the FSA still had underlying concerns with regards to client money. "The FSA has found that those firms that have used the tools available
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