Important Regulatory and Administrative Changes – Update

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At the end of this year, 2012, the Financial Services Industry is undergoing a substantial change in the way it is expected to do Investment business by the Financial Services Authority (FSA). This is as a result of their Retail Distribution Review (RDR).

One of the main changes is that many financial advice firms who have historically taken commission from the investment products they sold will no longer be able to do this. They will have to agree a fee with their customers.

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