The financial regulator FSA has stated that advisory firms can even take up a team-based approach in order to meet the independent advice criteria.
The move will enable more advisors to maintain their current independent status post RDR implementation.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The changes are set to come into effect from 31 December 2012 so as to make the charges more transparent and fair charges for consumers.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
